This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at AFEB celebra su tercer foro interno

AFEB celebrates its third domestic forum

20/07/2010

July 20, 2010

On July 7, the Association of Spanish manufacturers of DIY, AFEB, held its third national forum where especially focused on the Act of delinquency, the economic situation and the Congress of Fediyma.

Given the topicality of the issues (July 6 came into force Act of delinquency), this resulted in the high participation of the partners and the Organization, by the AFEB, of a new internal Forum (exclusive workshop for partners) for the month of Octoberalong with two more (open to non-associated) forums coinciding with Ferremad and Eurobrico.

The AFEB has organized another internal forum for next October.

With regard to the reform of the Act of delinquency, since the AFEB highlights that it has been thanks to the multisectoral platform against delinquency (of which the AFEB part), which has been this reform that eliminate freedom of covenants between the parties and to achieve compulsory payment 60 days as from 1 January 2013 (applicable to private enterprises, taking the Administration different periods).

After the entry into force of the law, and until 31/12/2011, private companies will pay 85 days; 1/1/2012 to 31/12/2012, 75 days and from 1/1/2013, 60 days.

In the second item on the agenda of the day was made an analysis of the economic climate data generated by the own AFEB, detecting a slight improvement in the first two quarters of 2010 on the same quarters of 2009. As for late payment, most of the AFEB partners considered that the worst has passed, although a minority sector of members considered that delinquencies will worsen this year.

Finally point out some facts that took place concerning the study of the consumer prepared by GFK for Fediyma, according to which, there is great potential in the renewal of the households (more than 50 per cent needs renewed); detected a distinct trend to the 'homing' pushed by the crisis; consumer demand for more information about the manufacturer and seeks more for less and emerges the 'digital nomad generation' to bear in mind.