BDI Coface today published its average weighted business risk index, which showed greater risk and a worsening in the payment ethic, which is attributed to the deterioration in the credit crisis.
BDI Coface's risk index rose to 6.2 in January 2009 from 5.81 in January 2008. 19% of companies and businesses were at very high risk in January 2009 compared with 17% in December 2008. Restaurants and cafes are the business sector that continues to be most at risk.
BDI observes that the coming elections have positively influenced the wholesale printed matter and publishing marketing sector, which recorded a fall in risk of 7.06% in January compared with the previous month.
The worst affected sector over the past year was the communications services sub-sector where risk rose by 10.3% in January 2009 compared with January 2008.
Regarding the payment ethic in the Israeli economy, the situation worsened by an average of one day in arrears during January, from an average of 13 days in arrears in payments in January 2009 compared with 12 days in December 2008. The number of days credit given with consent by suppliers rose by one day in January 2009 compared with the previous month to an average of 89 days.
Published by Globes [online], Israel business news - www.globes-online.com - on February 8, 2009
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