Fewer bankruptcies

10/11/2009 09:30

In October, 500 businesses and institutions (excluding one-man businesses) in the Netherlands were declared bankrupt. This is 130 fewer than in September this year, but still substantially more than in October 2008.

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.

In October, the three-monthly moving average was 550. In the six previous months the average was around 600.

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

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