APAC credit limit approval rates steady at 81%

Trade has slowed globally with subdued investment and spending, Aon said.

Trade credit limit approvals in the Asia Pacific (APAC) region held steady at 81%, according to a report by Aon.

This indicates a relatively stable credit environment despite global volatility, the professional services company said.

Globally, trade has slowed, with subdued investment and spending amidst policy uncertainty, it said in the report. Global credit approvals are at 75%, which Aon called steady but also reflects cautious sentiment.

In EMEA, credit limit approval rates are 72%, the lowest since September 2020.

In Latin America, credit limit approval rates is 74%; whilst for North America, the credit limit approval rate was 85%.