Fewer bankruptcies

Statistics Netherlands (CBS) reports that the number of bankruptcies decreased by 16 in July 2016 relative to June. In June, the number of bankruptcies had increased. 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, reaching the lowest level in August 2015 since October 2008. During the next six months, the number of bankruptcies rose almost continuously and then declined again in the following three months. In June, the number of bankruptcies rose, but fell again in July.

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. Over the first seven month of 2016, the number of bankruptcies was nearly 20 percent down from the same period last year.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 346 businesses and institutions (excluding one-man businesses) were declared bankrupt in July 2016. With a total of 64, the trade sector accounted for the highest number of bankruptcies. In the sector financial services, 52 bankruptcies were filed, but these two sectors include the highest number of businesses. Proportionally, the sectors transport and storage and hotels and restaurants accounted for many bankruptcies.

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

The numbers in this publication are provisional and can be adjusted

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