More than 360 companies and institutions bankrupt

03/02/2006 15:01

More than 360 companies and institutions (excluding single-owner companies) were declared bankrupt in December 2005. This is 16 percent down on December 2004. In November, the number of bankruptcies exceeded 480. This is 5 percent up on November 2004.

The number of bankruptcies declared in a certain month is also dependent on the number of days the courts are in session, so they may fluctuate strongly from one month to the next. Therefore the moving three-month average gives a more accurate representation of the development.

In December the average was 409, which brings it back to the level of the moving three-month averages of the months June through October 2005.

For the whole of 2005, slightly fewer companies and institutions (excluding single-owner companies) were pronounced bankrupt than in 2004. For the year 2004, about the same number was pronounced bankrupt as in 2003.

Bankruptcies of companies and institutions (excluding single-owner companies)

Bankruptcies of companies and institutions (excluding single-owner companies)