Number of bankruptcies exceptionally high

31/08/2012 09:30

In July, 723 businesses and institutions (excluding one-man businesses) in the Netherlands were declared bankrupt, an exceptionally high number on a monthly basis. The number of bankruptcies has soared in the first seven months of 2012: 4,473 businesses and institutions went bankrupt, nearly 30 percent more than in the first seven months of 2011.

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 considerably from month to month. Therefore, the three-month moving average is a more reliable indicator. The three-month moving average stood at 667 in July, the highest number recorded in decades.

The figures published in this update have been adjusted from those published on 13 August 2012. The revision is based on new and more detailed information.

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

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

More figures can be found in dossier Business cycle.