Lowest number of bankruptcies since August 2008

07/10/2016 15:00
Statistics Netherlands (CBS) reports that the number of bankruptcies was the same in September in 2016 as in the preceding month. Adjusted for court session days, the number of bankruptcies remained at the lowest level in more than 8 years. 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 then started to decline during a period which lasted until September 2015. Subsequently, a period of ups and downs followed. In August and September 2016, the number of bankruptcies reached the lowest level since August 2008.

Over the first nine months of 2016, the number of bankruptcies was down by nearly one-fifth compared to the same period last year.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 268 businesses and institutions (excluding one-man businesses) were declared bankrupt in September 2016. With a total of 63 bankruptcies, the trade sector was hit hardest. In the sectors financial services and construction, 36 bankruptcies were filed.

These sectors include the highest number of businesses. In relative terms, many bankruptcies were recorded in the sector construction and in the sector hotels and restaurants.

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

The numbers in this publication are provisional and can be adjusted

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