Today we launch the European Payment Report 2021
The European Payment Report 2021 outline how the pandemic has impacted the development and growth of +11,000 businesses in 29 European countries. This year's findings paint a mixed picture of the European economy.
The European business landscape looks very different today than it did one year ago. In that time, some firms have failed, many have struggled, and some have pivoted through digitalization and robust credit management practices – and are flourishing.
We have conducted a survey of 11,187 companies across 29 European countries to in order to understand their payment behaviour, the financial health of their company and the economic outlook in their country of operation.
Key findings:
- Businesses are bruised but hungry for a new chapter of growth
- The payment gap has narrowed on the back of government support – but how long will it last?
- Late payments remain a major concern – is it time for a society-wide solution?