Germany Payment Survey 2019: Turn of the tide
Germany is in a changing phase. The pressure on companies due to international competition is getting stronger. This is one of the reasons why German companies have increased their average credit period from 29.8 days to 35.9 days between 2017 and 2019.
Another one is that credit risks are insured. However, the confidence of the companies in their customers decreased. Short-term credit periods still dominate the market. 87% of the surveyed companies request that payments be made within 60 days, which is very short in international comparison (64% for Poland, 50% for China and 16% for Morocco).
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