Italy COVID-19 Emergency: late business payments

Italy COVID-19 Emergency: late business payments

Italy COVID-19 Emergency: late business payments in the manufacturing and wholesale sectors are getting worse

Starting 30 June 2020, is reported a negative economic impact of the Covid-19 emergency on the punctuality of payments of companies: the companies that pay the suppliers with serious delay (beyond the 30 days) are 11,8%. an increase compared to the first quarter of 2020 (10.6%) and substantially similar to that of a year ago (11.6%). Information underlined by a study done by CRIF considering data related to first half of 2020.

However, there is some slight improvement, especially for micro-enterprises, which are showing greater stability for payments at the expiring date. The North East and the North West of Italy recorded the highest increase in serious delays compared to the previous quarter (respectively 16.7% and 13.3%), while at the sectoral level the serious delays with a huge growth is related to Industry and Wholesale.

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