Only expects some improvement in the United Kingdom

The first sectorial forecasts of Credit and Caución for 2014 are marked by a slight impairment of the perspectives. The Picture 500 published by Credit and Caución, that includes near of half thousand of perspectives detailed of behaviour by sectors in 34 markets, registers ten variations, of which seven suppose a shrinking. Of the seven markets that see affected by the changes, only in United Kingdom, where the construction abandons the most unstable zone of the scale, can speak of an improvement of the perspectives.

Portugal is the market that more changes registers. The perspectives of the financial services, affected by the negative results of 2013 and the weight of the delinquent credits, and of the sector papelero, affected by the fall of the internal consumption in spite of his good exporting behaviour, fall until situating in levels desfavorables. By the contrary, the sector agropecuario, that has grown in 2013 creating put of work and near of 1.000 new companies, improvement of favourable to good his perspectives. Also the textile, that found in the most unstable zone of the scale, registers a small mejoría. Although his behaviour in payments keeps on being desfavorable to global level, every time have more weight the companies centred in the export of innovative fabrics of high performance, whose behaviour is much healthier.

Some of the main emergent markets show deteriorations in diverse sectorial. In China, Credit and Caución certifies an impairment of the behaviour of the sector of the steel, that has translated in a remarkable increase of the non-payments. The perspectives of the sector, that already were desfavorables, happen to occupy the most unstable zone of the scale.

The sector agropecuario, that shows a global behaviour very robust, has begun to register in Russia some perspectives desfavorables motivated, mainly, by the narrowing of his margins. The entrance of Russia in the World-wide Organisation of the Trade has motivated an important fall of prices in the subsector cárnico because of the reduction of the rights of customs for the imports, although the costs of the animal feeding remain high.

In Mexico, the forecasts of the industry of the goods of team fall of good to favourable, affected by the lower investment in the construction and the sectors manufactureros. In Thailand, the desordenes political are affecting of increasing form to the behaviour of the service sector, whose forecasts happen of good to favourable.

The problems of the steel affect also to Denmark, where the sector is showing already perspectives desfavorables. With a low demand and an excess of capacity in the local producers, the increasing competition presiona increasingly the margins and the profitability.