APAC Leads in Stable Trade Credit Approvals Amidst Global Caution
Trade credit limit approvals in the Asia Pacific (APAC) region remained steady at a high 81%, signaling a relatively stable credit environment even amidst global volatility, according to a new report from professional services firm Aon.
Globally, however, trade has experienced a slowdown, with subdued investment and spending largely due to policy uncertainty. Worldwide, credit approvals stand at 75%, which Aon considers stable yet indicative of cautious sentiment.
Digging into other regions, the EMEA (Europe, Middle East, and Africa) region saw credit limit approval rates at 72%, marking its lowest point since September 2020. Latin America’s approval rate was 74%, while North America led with an 85% approval rate.
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