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02/03/2020
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Turkey Payment Survey 2019: better picture in payment term but companies remain cautions regarding economic prospects

Turkey Payment Survey 2019: better picture in payment term but companies remain cautions regarding economic prospects

Right after the recession that the economy went into during the second half of 2018 the private sector remains mixed in terms of the economic outlook.

Payment terms: shorter terms reflect preference for liquidity

The deterioration of cash flow has slowed down and fewer companies expressed tougher conditions while making their payments. Nowadays, the average payment term offered by Turkish companies to their clients stood nearly at 85 days in the domestic market and at 69 days in export markets (vs 108 days in 2017).

Still, the average payment period remains long on an international scale. Companies are gradually changing their terms of payment to their customers. In Turkey only 40% of companies request to their export clients that payments to be made within 60 days. This falls even lower at 33% in domestic market.

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