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Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

In 2015 the Mexican construction industry is forecast to grow 4 %.

After a modest growth of 0.5 % in 2014, the construction output in Brazil is expected to grow at more or less the same level in 2015.

A 9 % increase is forecast for the US construction sector in 2015; the vast majority of construction and design firm executives believe the market is stable or growing.

It is expected that construction output growth will continue in the UK in 2015 and also continue to broaden out beyond house building.

While French business insolvencies are forecast to level off in 2015, it is expected that construction business failures will further increase due to the low economic growth forecast for France.

With poor demand, on-going pressure on prices and a high number of insolvencies, the construction sector in Belgium is going through difficult times.

Economic conditions in the Eurozone remain challenging with insolvencies still 70% higher than in 2007 on average.

A sharp Chinese economic slowdown will affect countries through their exports and commodity prices. Especially countries in Asia and Africa are vulnerable.

De Vietnamese economie steunt in grote mate op de export, die gespecialiseerd is in kleding en schoenen. De economie verschuift naar sectoren met hogere toegevoegde waarde zoals elektronica.

De prognose is dat de open en exportgerichte Thaise economie dit jaar een bescheiden herstel zal kennen.

Na een groei van 3,1 % in 2014, zal de economische groei van Singapore in 2015 naar verwachting versnellen tot 3,4 %, gestimuleerd door investeringen, onder meer in de infrastructuur van het land.

Since 2012, economic growth has been high, driven by private consumption which accounts for about 70% of the economy. Growth has also been sustained by rising demand for exports.

De zakelijke omgeving van Maleisië wordt beschouwd als een stuk gunstiger dan die van zijn buurlanden in de regio en de financiële sector is sterk.

As in 2013 and 2014, fierce competition means that the Dutch construction sector is still affected by price wars, leading to on-going pressure on margins.

The swift implementation of reforms would further strengthen Mexico ́s already solid external economic situation by boosting FDI and reducing dependency on volatile portfolio capital inflows.

Verwacht wordt dat de opleving gedreven zal worden door het hervatten van vastgelopen infrastructurele projecten, hoge investeringen, verstedelijking en verbetering van het ondernemingsklimaat.

De uitdaging voor de Chinese autoriteiten is om hervormingen door te voeren om de economische groei op middellange termijn in evenwicht te brengen zonder deze te veel te vertragen.

Despite several bans which affected the Polish food sector negatively, this has performed quite well, mainly because of the rising domestic consumption.

Payments in the Danish food sector remained unchanged and are, on average, 30 days.

The Netherlands is the second largest exporter of food and agricultural products. The weakening of the euro gave a boost to further export growth.

Despite some problems, the Italian food sector benefits from its non-cyclical nature, its large and varied client base and a strong export performance.

The German food sector has continued to grow in the first half of 2014. Domestically, there is increased competition caused by large retailers and discounters’ dominating market share.

The French food sector has benefited from falling raw material prices and a weaker euro, which helps boost competitiveness abroad.

Verwacht wordt dat de export in 2015 zal blijven groeien, met Europa, met name Nederland als grootste afzetmarkt.

In 2015 wordt een sterkere opleving verwacht van 1,4% en een exportgroei die samengaat met een herstel van de particuliere consumptie, industriële productie en investeringen.

Zonder structurele hervormingen die de besparingen verhogen en de afhankelijkheid van ingevoerde energie verminderen, zal de potentiële groei van Turkije dalen tot 3% - 3,5% per jaar.

Concerns that credit quality could be deteriorating in several countries in Asia Pacific are growing.

When Taiwanese respondents were asked about the main challenges to their business profitability this year, 43.5% answered that maintaining adequate cash flow was the most critical factor.

The main challenge to profitability cited by our survey respondents in Singapore was “maintaining adequate cash flow”, at 31.7%.

43.8% of Japanese respondents said that the biggest challenge to business profitability was falling demand for their products and services, the highest percentage of all Asia Pacific nations surveyed.

Indonesian respondents said that 37.1% of overdue receivables were paid within 30 days, slightly above average for the region.

Indian respondents were aligned with their peers in Asia Pacific in citing “maintaining adequate cash flow” as their biggest challenge.

Respondents in Hong Kong indicated that their biggest challenge to profitability this year would be maintaining adequate cash flow, with 37.4% stating this to be the case.

Chinese respondents seemed to have fewer problems with past due receivables and uncollectable debt among other surveyed countries in the Asia-Pacific region.

When questioned about the biggest challenges to their business profitability this year, 36.2% of Australians responded that maintaining adequate cash flow was their key challenge.

The German automotive sector has benefited increasing domestic production as well as a growing share of car production overseas.

The UK car market continued to grow last year. Compared to other UK industries, the automotive sector’s default and insolvency rate is good, with a stable outlook.

The automotive sector was hit hard by the economic crisis, as lower domestic consumption and difficulties accessing finance led to a slump in the car market. However, a rebound began in 2013.

Payments in the Italian automotive industry range between 60-90 to 120-150 days, depending on the end-buyer and whether working capital requirements can be obtained from banks or suppliers.

The downward trend in the French automotive industry appears to have bottomed out, and there are signs of a modest rebound.

Although China ́s economic growth is forecast to slow down in 2014, there are many positive catalysts for the car industry , and we expect a second straight year of strong growth.

The slowdown in the economy has affected Brazil’s automotive sector and payment delays and defaults are expected to worsen in the coming months.

De fiscale positie van Rusland ziet er robuust uit. De overheidsschuld is sinds de wereldwijde kredietcrisis van 2008/2009 vrij stabiel gebleven op 8% en zou in 2015 naar verwachting zelfs afnemen.

33.5% of respondents in Brazil reported that maintaining sufficient cash flow levels will be their biggest challenge to their business profitability.

Eén op de drie ondervraagde bedrijven gaven aan dat ongeveer 20 procent van de waarde van hun facturen meer dan 90 dagen achterstallig is.

Despite a drop in output of 3.4 % to 34.65 million tons, Turkey kept its position as the world’s 8th largest steel producer.