レポート・参考情報

The automotive sector faces decreasing domestic sales due to a decrease in population and a growing share of elderly citizens as well as tax hikes.

The Spanish automotive industry continues to benefit from the on-going economic rebound of the domestic economy as well as from increasing car exports.

The increasing importance of Big Data and embedded technology/electronics is expected to lead to increased M&A activities in the supplier segment.

Robust sales have kept profit margins of car producers and suppliers stable, and these are expected to maintain their current level in the coming months.

Due to the robust economic performance thus far in 2017 the outlook for the automotive sector remains favourable for the rest of the year and in 2018.

Most businesses in the automotive sector should be financially resilient enough to cope with some minor volatility in demand or exchange rate fluctuations.

Atradius forecasts insolvencies across advanced markets to fall by 3.0% this year and 2.0% next year, particularly led by an increasingly robust recovery in the eurozone.

Trump’s threats to revise NAFTA and build a wall at the Mexican border could offer new trade opportunities for businesses in relations with Mexico.

China is rebalancing its economy away from exports and investments towards consumption. This is weighing on GDP growth of its trading partners.

GDP growth is expected to slow down to about 1.5% in 2017 and 2018, as lower revenues from oil and gas exports negatively impact government investments.

GDP growth will decrease in 2017 as sharp inflation increase restrains consumer demand, but in the medium-term the economy should benefit from reforms.

Reforms have been made to diversify the economy by developing manufacturing and providing a favourable investment environment. But stumbling blocks remain.

With the oil price well below its fiscal break-even level of around USD 78, the government still faces the challenge of keeping a tight grip on spending.

La lotta alla burocrazia e la riforma dei sistemi fiscali e di sovvenzione sono necessari per migliorare le condizioni economiche e ridurre l'alto tasso di disoccupazione.

Tackling bureaucracy and reforming the tax and subsidy systems are necessary to improve the economic conditions and to reduce the high unemployment rate.

So far the UAE has weathered the global oil price slump relatively well, supported by its increasingly diversified economy and ample foreign assets.

The Chinese chemicals industry has entered a phase of lower but still solid growth, with chemicals demand growth rates still above global average.

Producers are looking to take further advantage of low natural gas prices in the US, which enables the significant expansion of methane-based projects.

Profit margins of British chemicals businesses could be negatively affected by domestic economic uncertainty over the outcome of the Brexit negotiations.

The Italian chemicals industry continues to benefit from a rebound in domestic demand, however fiscal crimes plague the fuel wholesalers segment.