Payment Practices Barometer
17th October 2017
Late payments from domestic and foreign B2B customers were reported more frequently by respondents in Singapore than by their peers in Asia Pacific.
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After a minor decrease from 45.0% in 2015 to 44.3% in 2016, the percentage of overdue B2B invoices in Asia Pacific increased again this year to 45.4%.
The proportion of domestic and foreign past due B2B invoices in Taiwan (domestic: 42.7%; foreign: 47.2%) is almost in line with the regional averages.
China’s proportion of domestic and foreign past due B2B invoices is almost in line with the regional average and has increased compared to last year.
The proportion of domestic and foreign past due B2B invoices in Hong Kong (domestic: 50.0%; foreign: 50.3%) is higher than that recorded at regional level.
With an average of 53.4%, India had the highest proportion of domestic and foreign past due B2B invoices of all the Asia Pacific countries surveyed.
The percentage of Australian respondents reporting domestic and foreign late payments in 2017 (88.1%) has increased compared to last year (84.0%).
In 2017, Indonesian respondents reported an increased percentage of domestic and foreign overdue B2B invoices (domestic: 45.1% and foreign: 41.2%).
The total value of B2B sales on credit in Japan increased this year to 53.7%. Of the Asia Pacific countries surveyed, Japan was the most credit-friendly.
10th October 2017
GDP is forecast to increase by more than 3% in 2017 and 2018, as household spending is spurred by low interest rates and an improving labour market.