Europe focuses changes on forecasts

Table 500, Credit and Surety

Italy, Portugal, Poland, Belgium, Denmark, Russia and Slovakia register changes in Table 500.

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The latest country-by-country forecasts Credit and caution, that the leading credit insurer in Spain It updates every month, registering nine changes in Europe, especially concentrated in the sectors of Machinery, Automotive and Agriculture.

 

Italy It registers improvements in the sector's forecasts Automotive (from Favorable to Good) and Machinery (From Favorable to Good) thanks to the weaker euro, which has allowed exports to continue while domestic demand kept growing. Portugal also saw an improvement in the Automotive sector (from Favorable to Good) due to increased sales and an improvement in the components subsector.

 

The remarkable improvement in the economy and payment behavior in RussiaThis, along with the strength of the ruble, improved liquidity, and increased demand for capital goods, has allowed for an upward revision of forecasts in the sector. Maple (from Unfavorable to Favorable). In SlovakiaThe fall in default rates and the improved financial conditions in the agricultural sector (from favorable to good) generate a positive change in their forecasts.

 

En Belgium, the sector Finance The outlook for the machinery sector worsens (from Good to Favorable) due to the accumulation of insolvencies and long payment terms. Conversely, the machinery sector improves its outlook (from Favorable to Good) thanks to a decrease in insolvencies and payment problems.

 

Poland and Denmark the greatest deteriorations are concentrated in EuropeIn Poland, cases of avian flu since the end of 2016 have led to a drop in forecasts for the Agricultural sector (from Good to Favorable) concentrated in the poultry segment. In Denmark, it worsens Chemical sector (from Excellent to Good) due to the intense price controls in United States, its key market.

 

Outside Europe, changes are only recorded in the Indonesia's construction sector (from Favorable to Good), due to the boost from new projects and infrastructure initiated by the Administration.

 

The forecasts contained in Table 500, which includes half a thousand detailed perspectives of behavior by sectors and markets, have been made by risk analysts who directly assess the risk associated with companies in each market, when a Spanish company insured by the Company wants to close a commercial operation in the foreign markets.

 

Source: Credit and Surety