White Paper 2017: Industry deep dive
The Industry White Paper comes as an additional publication to the European Payment Report 2017t. The White Paper provides valuable insights into payment behavior on a national industry level, based on data from of extensive research among 10,468 companies in 29 European countries.
Increased pressure for longer payment terms
61% of European businesses reported facing pressure to accept unreasonably long payment terms in 2017. Sectors like Mining and Quarrying were particularly affected, with 83% of businesses reporting this challenge.
Severe consequences for liquidity and income
On average, 40% of businesses reported that late payments significantly impacted their income, and 42% experienced liquidity squeezes. Real Estate and Accommodation sectors were hit hardest, with 54% rating the impact as severe.
Late payments leading to employee dismissals
Late payments contributed to the dismissal of employees in 55% of Agriculture and Fishing businesses, significantly above the European average of 19%, illustrating the far-reaching consequences of delayed payments.
Previous editions:
Insight hub | Most read insight articles
Explore payment trends and economic insightsloading...