672 bankruptcies in June

11/07/2013 15:00

In June this year, 672 businesses and institutions (excluding one-man businesses) were declared bankrupt. The number is considerably lower than in May, when 798 businesses and institutions were declared bankrupt. The number of bankruptcies in May was the highest since the time series was started in 1981.

Many businesses and institutions declared bankrupt in June were active in the sectors trade (136), construction (126) or specialised business services (101). The number of bankruptcies in the sectors trade and construction was lower than in May, but the number of bankruptcies in the sector specialised business services was higher than in May.

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 was 721 in June, compared to 734 in May.

For further information, the reader is referred to the Press release: Record number of bankruptcies in first half of 2013.

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.          

For more information on economic indicators, the reader is referred to the Economic Monitor.