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In 2018, respondents in Hungary reported a significant increase in DSO and that the proportion of uncollectable B2B receivables also went up slightly.

Due to overdue B2B invoices, 20.3% of respondents in Romania had to postpone payments to their own suppliers while 14.8% had to correct cash flow.

The proportion of past due B2B invoices is the second highest in the region and almost 60% of Polish respondents said that this affected their businesses.

Despite improvements in 2018, respondents in Slovakia reported an increase in DSO and 27.5% of businesses seem to have been impacted by late payments.

2018 brought many changes in Turkey – more frequent payment delays, increases in the proportion of overdue B2B invoices and DSO, a longer payment duration.

It seems that the market is rather resilient in the light of the ongoing Sino-US trade dispute, but overcapacity in the electric car segment is increasing.

Any imposition of tariffs on car parts and vehicle imports would severely impact the US automotive industry, most probably leading to more insolvencies.

Both payment delays and insolvencies are expected to increase in the coming months as decreasing investments and lower production will impact suppliers.

Despite the ongoing upturn, automotive suppliers at the lower end of the value chain face elevated debt levels, strong competition and price pressure.

The sector shows good growth rates, but manufacturers active in the US are affected by the import tariffs on steel and aluminium imposed since June 2017.