More bankruptcies

08/07/2016 15:00
Statistics Netherlands (CBS) reports that the number of business failures increased by 38 in June 2016 relative to May after three months of decline. Again, 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 and then started to decline again. In June, however, the number of bankruptcies started to rise again.

Adjusted for court session days, the number of bankruptcies shows an irregular pattern with ups and downs. Since May 2013 the trend has been downward. In the first half of 2016, the number of bankruptcies is nearly 20 percent down from the first half of 2015.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 361 businesses and institutions (excluding one-man businesses) were declared bankrupt in June 2016. With a total of 77, the trade sector accounted for the highest number of bankruptcies. In the sector financial institutions, 62 bankruptcies were filed, but these two sectors include the highest number 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, June 2016

The numbers in this publication are provisional and can be adjusted


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