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Access a snapshot of the credit risk situation and business performance of 14 major industries in your country. The forecast is based on the assessment of Atradius underwriters.
The outlook for 2018 remains subdued and the already low profit margins of many construction businesses are expected to deteriorate further in H1 of 2018.
Costa Rica’s GDP growth is expected to accelerate driven by private consumption, robust private, public and foreign investment, and further export growth.
Average payment duration in the food sector is 40 days, and the amount of payment delays and insolvencies remains low compared to other Dutch industries.
As food processors and retailers demand longer payment terms from their suppliers, a wave of longer payment terms is being created along the supply chain.
The outlook for food exports remains positive, with further demand growth from overseas expected, due to the strong reputation of “Made in Italy” food.
Key challenges for food retailers are the increasingly competitive market environment and the very high wage pressure, which is diminishing profit margins.
The recent profit margin increase is expected to bottom out in the coming months due to a slowdown in inflation and increasing competition in food retail.