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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.
A large number of small supplier businesses could face higher business and credit risks in the future as margins have declined and challenges increase.
The Spanish automotive industry continues to benefit from the on-going economic rebound of the domestic economy as well as from increasing car exports.
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.
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.