1、February 2023Industry Trends ConstructionCredit risk outlook clouded by high levels of uncertainty2DisclaimerThis publication is provided for information purposes only and is not intended as invest-ment advice,legal advice or as a recommendation as to particular transactions,invest-ments or strategi

2、es to any reader.Readers must make their own independent decisions,commercial or otherwise,regarding the information provided.While we have made every attempt to ensure that the information contained in this publication has been obtained from reliable sources,Atradius is not responsible for any erro

3、rs or omissions,or for the results obtained from the use of this information.All information in this publication is provided as is,with no guarantee of completeness,accuracy,timeliness or of the results obtained from its use,and without warranty of any kind,express or implied.In no event will Atradi

4、us,its related partnerships or corporations,or the partners,agents or employees thereof,be liable to you or anyone else for any decision made or action taken in reliance on the information in this publication or for any loss of opportunity,loss of profit,loss of production,loss of business or indire

5、ct losses,special or similar damages of any kind,even if advised of the possibility of such losses or damages.Copyright Atradius N.V.2023In this issue.Construction industry performance per market .3Introduction Global construction performance at a glance .4Australia Labour and material shortages rem

6、ain a major issue.6 Belgium Energetic renovation keeps up activity .7 France A substantial increase in business failures in 2023 .8 Germany A marked decline in residential construction activity .9 Italy Structural weaknesses continue to impact credit risk .10 The Netherlands Increase in insolvencies