Sector symbols explained

Industry performance

Excellent The credit risk situation in this sector is strong / business performance in the sector is strong compared to its long-term trend.

Good The credit risk situation in this sector is benign / business performance in the sector is above compared to its long-term trend.

Fair The credit risk situation in this sector is average / business performance in the sector is stable.

Poor The credit risk situation in this sector is relatively heigh / business performance in the sector is below long-term trend.

Bleak The credit risk situation in this sector is poor / business performance in the sector is weak compared to its long-term trend.

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Arrows represent the direction of change in the Atradius outlook for the industry since the previous update. No arrow will appear if there has been no change in our overall outlook.