Downward trend bankruptcies continues

09/06/2016 15:00
Statistics Netherlands (CBS) reports that the number of business failures declined by 46 in May this year, versus 9 in April. Most bankruptcies were filed in the trade sector.

Number of bankruptcies of businesses and institutions (excluding one-man businesses), corrected for court session days

Downward trend

Adjusted for court session days, the number of bankruptcies peaked in May 2013 and subsequently began to fall. In August 2015 it reached the lowest level since October 2008. During the next six months, the number of bankruptcies rose almost continuously. Since March this year, the trend is again downward. Compared to October 2015 the level is somewhat higher.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 379 businesses and institutions (excluding one-man businesses) were declared bankrupt in May 2016. With a total of 80, the trade sector accounted for the highest number of bankruptcies. In the sector financial institutions 66 bankruptcies were filed, but these two sectors include the highest numbers of businesses. In relative terms, the sector hotels and restaurants accounted for the highest number of bankruptcies.

Number of bankruptcies of businesses and institutions (excluding one-man businesses) by sector, May 2016

The numbers in this publication are provisional and can be adjusted