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Atradius publishes new country report on United States Print E-mail
Friday, 29 May 2015

Leading trade credit insurer Atradius has published an in-depth country report on the United States.

The report analyses economic performance to build a picture of the current trading environment and inform overseas companies looking into exporting to the United States.
 
Atradius, which has its UK headquarters in Cardiff, facilitates both domestic and international trade by protecting companies from the risks of B2B trade and holds real-time business intelligence on 100 million companies.
 
Key findings from the new country report, which is free to download from the Atradius website, reveal:
 
    •    An increase in trade for key sectors: including construction, consumer durables, financial services, food, textiles, and steels and metals.
    •    Business insolvencies have decreased: After year-on-year increases of more than 40% in 2008 and 2009, the number of corporate insolvencies is now steadily declining. The number of businesses filing for bankruptcy in federal courts declined 18.8% year on year in 2014, to 26,983 cases. This positive downward trend is projected to continue in 2015 as the economy continues to recover.
    •    Consumer confidence has increased: Consumer confidence increased in 2014 to its highest levels since July 2007. Private consumption rose 2.5% in 2014, following an increase of 2.4% in 2013. In 2015, a 3.5% increase is expected. The rise can be attributed to factors such as increasing house prices, improved household finances and falling unemployment rates (6.2% in 2014 and predicted to further fall to 5.5% in 2015).
    •    Consumer price inflation is predicted to rise in 2015: The US Federal Reserve is keeping the benchmark interest low for the time being, but is expected to raise the currently low interest rate of 0.25% this year, as the US economic rebound gains momentum.
    •    Industrial production continues to grow, but will slow down: After a fall in 2009, US industrial production rebounded from 2010 to 2013. Following a robust growth rate of 4.2% in 2014, it is forecast to slow down to 2.5% in 2015 and 3.3% in 2016
    •    Investment set to improve: Investment growth surged in 2014 and is forecast to grow above 5% in 2015 and 2016
    •    Exports decreased due to a stronger USD: US exports decreased towards the end of 2014, partly due to the increasing strength of the USD hurting US exporters’ international competitiveness.
    •    Public deficit decreases, but government debt remains high: The political struggle between the Republicans and Democrats in the US Congress over government finances still remains a potential risk to the US economic outlook in the mid and long term.

The United States Country Report with full analysis and statistics is available for free download from www.atradius.co.uk

(Source - Atradius News Release)
 

 

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