US News Invoices: Creditreform: Payment standards of German companies deteriorate significantly
In Berlin, France and Germany display their rapprochement
© Michele Tantussi/Reuters The French Prime Minister, Élisabeth Borne, is greeted by the German Chancellor, Olaf Scholz, Friday in Berlin. military honors, handshake and some smiles. received Friday in Berlin by Olaf Scholz, Élisabeth Borne tried to make forget the last upheavals of the bilateral relationship. " We are advancing.
in the construction industry, the payment morality is particularly bad. Due to increasing material prices and cancellations of orders, the delay in payment rose to 14 days on average.
The payment behavior of German companies has deteriorated significantly in the summer quarter. Despite Corona, the companies had paid their bills reliably and relatively on time in the past two years, explained the Creditreform business (Business Output Authority on Monday. "Now we see that the overlapping crises have left deep traces of the companies," said Creditreform chef economist Patrik-Ludwig Hantzsch.
Unemployment NRW: Despite uncertainties - young people benefit
Despite the difficult economic framework, unemployment in Cologne in November has slightly dropped by 1.3 percent. The unemployment rate was 8.5 percent and thus 0.1 percentage points below the October value. In November, the value typically drops because more workers are sought at this time of year and many young people have started training. © dpa Logo of the employment agency.
"We assume that liquidity is successively consumed, especially among small and medium -sized companies." While the figures for bankruptcies, over -indebtedness and the labor market are still positive, the payment morality is becoming increasingly negative. The cross -sectoral delay was 10.5 days between July and September, after 9.4 days in the third quarter of 2021.
there are big differences across the sector. "In the construction industry, companies pay the worst by far." Their delay in payment increased by 0.4 days to 14 days. The construction currently suffers from delivery bottlenecks and therefore also from increasing material prices and cancellations of orders.
In the case of consumer goods (7.5 days) and in retail (7.7 days), invoices were paid with significantly less payment. At 9.4 days, the metal/electrical area was also better than the average - but the industry deteriorated by 1.4 days within a year.
trend towards cashless paying, especially for younger
in Germany, is a trend for paying and coin, especially for younger people. In particular, the under 36-year-olds are becoming more and less common for cash: in 2019, 65 percent often paid in cash from this age group, this year it is still 35 percent. © Monika Skolimowska/DPA central picture/dpa no longer used in the future? Younger people like to do without cash.
there is also a gap. In particular, the companies in Bavaria (8.9 days), Baden-Württemberg (9.2 days) and Mecklenburg-Western Pomerania (10 days) paid the fastest in the third quarter, according to Creditreform. The worst was the payment morale in North Rhine-Westphalia with 12.3 days of delay as well as in Berlin (11.7 days) and Schleswig-Holstein (11.2 days).
More: EY expects more credit cases and fewer real estate loans
"persistent interference": Iran orders German and British ambassadors an .
The government in Tehran justifies the decision with "unacceptable" behavior. Since the beginning of the protests, the German ambassador has been presenting for the fourth time. © Photo: Photo: DPA/ Andreas Gebert Hans-Undo Muzel, German ambassador to Iran The Iran has once again ordered the German and the British ambassador.