2025年德国企业支付调查：在情况好转之前，情况会变得更糟

Germany Corporate Payment Survey 2025:It gets worse, before it could get better Paris,July 8, 2025–The 9th edition of the Coface1survey on German companies'paymentbehaviorhighlights a significant deterioration in payment terms, againsta backdrop of political uncertainty and growing geopolitical tensions. Compared Payment terms: demand on the rise and at its highest level since 2016 In2025,84%ofGermancompanies are granting paymentterms, a record since 20162.At the same time, Germany's traditionalpreferencefor short paymentterms has further strengthened:92%ofcompaniessurveyed Paymentdelays: onrisefor the fourth consecutive year 81%of companies report new payment delays (+3%/2024), a figure close to the peak of85% reached in 2019. The average length of payment delays increased by one day to31.8 days. Although this marks a deterioration, the figure remains well below the pre- Financial risk remains a concern, calling for caution in 2026 12%of companiesreportedlongoverduepayment (between six months and twoyears) exceeding 2% of their annual turnover. Although this figure is slightly downcompared to2024, it remains noticeably above the pre-pandemic average. Theconstruction sectorwas the most affected, with24%of companiesreporting them. Economic outlook: fragile optimism amid ongoing uncertainty After three years of economic stagnation, German companies are nevertheless seeingan improvement: while theoverall sentimentremains negative for 2025-the shareof pessimists for 2025 are overweighing the share of optimists by17percentage points-, the outlook for 2026 is more encouragingwith more optimists than pessimists(+16 Germany remains a key market despite its challenges Despiteconcerns about domestic demand and structural constraints,Germanytogether with the EU and EFTA3 countries remain the market considered mostpromising bytherespondents.The United States however, lost its appeal and fell tothe popularity levels last seen during the first term of Donald Trump. The back and ‘Although the outlook for 2026 has improved, we initially see a further deterioration inpaymentbehavior. This is also reflected in the insolvency figures, which are currentlyat a ten-year high.’, Christiane von Berg, RegionalEconomist for Benelux, Germany, COFACE PRESS OFFICE Adrien Billet: +33 6 59 46 59 15Malcolm Biiga: +33 6 47 09 92 66adrien.billet@coface.comLucie Bolelli: +33 6 42 18 30 82coface@havas.com COFACE: FOR TRADE As a globalleading player in trade credit risk management for more than 75 years, Coface helpscompanies grow and navigate in an uncertain and volatile environment. Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with afull range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Riskinsurance, Surety Bonds, Factoring. Every day, Coface leverages its unique expertise and cutting-edge