Almost 340 bankruptcies in October

12/12/2007 09:30

Nearly 340 businesses and institutions (excluding one-man businesses) went bankrupt in the Netherlands in October 2007. This is nearly 4 percent more than in October 2006.

As the number of businesses declared bankrupt is closely related to the number of days courts are in session, it may vary strongly from month to month. Therefore, the three-month moving average is a more reliable indicator.

The three-month average decreased for the second month in a row, and came to 321 bankruptcies in October. The average number of bankruptcies hardly changed in the summer months, while the trend had been steadily downward in the preceding eighteen months.

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

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