Number of bankruptcies virtually unchanged

10/12/2009 15:00

In November, 530 businesses and institutions (excluding single-owner businesses) in the Netherlands went bankrupt. This is approximately the same number as in October. Compared to November 2008, the number of bankruptcies was up by over 100.

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

In November, the three-monthly moving average was 563, approximately the same as in October. From April until September the three-monthly moving average hovered around 600, after a sharp increase in the preceding six months.

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

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