Economic studies and risk insights by Coface
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Payment Survey United Kingdom 2025 - Download the full report
Late payments are increasingly weighing on UK businesses. 90% of companies experienced delayed payments over the past year, with an average delay of 32 days, and 44% report that these delays are becoming more frequent. The most affected sectors are automotive and transport (95%) as well as construction (93%), with average delays sometimes exceeding 38 days. Discover the full analysis in our latest UK Payment Survey 2025.
Payment Survey France 2025 - Download the full report
Late payments continue to increase in France. According to our latest Payment Survey of 2025, 86% of companies are now affected, compared with 85% in 2024 and 82% in 2023, with an average payment term of 40 days. Smaller businesses remain the most vulnerable: more than one in two report a significant impact on their cash flow. Explore the study and discover the main causes behind this trend, sector-by-sector differences, and the payment outlook for 2025.
Payment Surveys - Europa
FRANCE - Download our full report
Late payments continue to weigh on the French economy. 86% of companies face late payments, with an average delay of 40 days, and more than one in two micro-enterprises reports a critical impact on their cash flow. The study details sector-specific consequences and provides indicators to assess and anticipate client payment risks.
UNITED KINGDOM - Download our full report
Late payments continue to place a heavy burden on UK businesses. Over the past year, 90% of companies experienced delayed payments, with an average delay of 32 days, and 44% report that these delays are becoming more frequent. The most exposed sectors are automotive and transport (95%) and construction (93%), with some averaging over 38 days of delay. Check out the full UK Payment Survey 2025 for a detailed sector- and company-size analysis.
GERMANY - Download our full report
Germany remains Europe’s payment “outlier”: despite growing delays, average overdue times are still the lowest globally at just 31.8 days. But with 12% of companies reporting severe arrears, risks are mounting beneath the surface. Coface’s Germany Payment Survey 2025 unpacks these contrasts.
Central and Eastern Europe - Download our full report
CEE economies are showing growth with GDP at 2.6% and inflation falling to 4.6%, but insolvencies remain high in transport, manufacturing, and construction. Fragilities persist beneath the surface, despite macroeconomic improvements. Coface’s 2024 CEE insolvency report provides a clear view of the region’s financial contrasts.
Payment Surveys - International
ASIA - Download our full report
Asia-Pacific growth is forecast to slow to 3.8% in 2025, weighed down by weak global demand, rising tariffs and higher costs. Record payment delays confirm mounting financial strain across the region. Download Coface’s latest study to analyze what lies ahead.
CHINA - Download our full report
China’s economy remains under strain, with corporate revenues pressured by weak demand, deflation, and intensifying competition. While GDP growth is forecast at 4.3% in 2025, businesses continue to face extended payment cycles and rising non-payment risks. Read Coface’s survey for a comprehensive outlook.
LATIN AMERICA - Download our full report
Latin America’s growth outlook remains weak, with GDP expected at only 2% in 2024. Sluggish global demand, slower exports, and inflationary pressures continue to weigh on businesses across the region. Coface’s Latin America Corporate Payment Survey 2024 provides critical insights into what lies ahead.
Risk Review – Triannual economic outlook
The Risk Review (previously Coface Barometer) provides a comprehensive analysis of global macroeconomic trends three times a year. It assesses country and sector-specific risks to help businesses anticipate challenges and make secure international trade decisions.
📄 Risk Review June 2025 - Download the full report
U.S. customs tariffs are at record levels. At the same time, nearly 80% of advanced economies reported an increase in bankruptcies in the first quarter of 2025. The most affected sectors include metals, automotive, and chemicals, while U.S. IT and retail companies, as well as the Chinese textile industry, are facing additional pressures.
📄 Risk Review February 2025 - Download the full report
U.S. policy shifts, Europe stuck at 1.1% growth, China weighed down by real estate and overcapacity, emerging markets under pressure from a stronger dollar—while Switzerland stays resilient.
📄 Risk Review October 2024 - Download the full report
The global economy is heading toward a “soft landing,” with growth stabilizing at 2.6% in 2025. Yet Europe lags behind, weighed down by debt and industrial weakness. By contrast, Switzerland shows strength: upgraded growth projections, low inflation, and an unchanged top credit rating highlight its resilience in a fragile global landscape.
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