A total of 289 businesses and institutions (excluding one-man businesses) were declared bankrupt in the Netherlands in August 2008, 23 fewer than in July. In August 2007, 308 businesses and institutions were declared bankrupt.
As the number of businesses declared bankrupt in a particular month is closely related to 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.
The three-monthly moving average stood at 307 in August, as against 287 in July this year.