Jump to content

Follow us:
Follow us on Twitter  Follow us on LinkedIn

Credit managers’ confidence on a high

Published 26 July 2011

Business confidence levels among credit managers representing a broad cross-section of UK industry rose over the last three months to reach the highest level achieved in the life of the survey since it was launched in May 2008.

Key trends
  • On a scale of 1 (low) to 10 (high), respondents expressed an average confidence level of 6.7, up from 6.6 in April 2011.
  • The number of respondents who expected their Days’ Sales Outstanding to increase fell over the three-month period from 33% to 30%.
  • The number of respondents expecting their key customers to impose longer settlement periods fell from to 42% to 25%.
  • The number of respondents expecting an increase in their export volume turnover rose from 28% to 32%.
  • There was a two percentage point fall, from 22% to 20%, in the number of respondents who expected the payment discounts required by their key customers to increase.
  • There was a fall from 43% to 38%, in the number of respondents who expected the overall cost of credit-managing their key accounts to increase.
  • The number of respondents who expected to ask their credit insurers for an increase in limits fell from 47% to 41%. 39% expected their insurers to respond favourably to such a request, compared to 45% last time.
 

Related links

Contact

Share

Back to top