Number of bankruptcies further down

07/02/2007 15:11

In December 2006, a total of over 280 businesses and institutions (excluding one-man businesses) went bankrupt. This is 22 percent down on December 2005.

As the number of businesses declared bankrupt in a particular month also depends on the number of days courts are in session, it may vary strongly from month to month. Therefore, the three-monthly moving average is a more reliable indicator. In December, the indicator stood at 309 and was 9 lower than in November. The downward trend in bankruptcies is continuing. The number of bankruptcies has now reached its lowest point in four-and-a-half years.

In 2006, more than 4,200 businesses and institutions went bankrupt. This is significantly lower than in the previous year. In 2006, the number of bankruptcies in manufacturing industry and financial services decreased considerably. In the sector hotels and restaurants, the number of bankruptcies increased.

Bankruptcies of businesses and institutions (excluding one-man businesses)

Bankruptcies of businesses and institutions (excluding one-man businesses)