Considerable increase number of bankruptcies
Adjusted for court session days, the number of bankruptcies peaked in May 2013 and subsequently started to decline during a period which lasted until September 2015. This was followed by a period of ups and downs. In August 2016, the number of bankruptcies reached the lowest level since August 2008. After that, the trend is unclear. Despite the increase in November, the number of bankruptcies in the first eleven months of 2016 is down by nearly one-fifth compared to the same period last year.
Most bankruptcies recorded in financial services sector
If the number of court session days is not taken into account, 461 businesses and institutions (excluding one-man businesses) were declared bankrupt in November 2016. With a total of 117 the financial services sector was hit the hardest. In the trade sector, 76 bankruptcies were filed.
|Specialised business services||46|
|Renting; other business services||29|
|Real estate activities||10|
|Culture; sport; recreation||6|
Trade and financial services are among the sectors with the highest number of businesses. In November, the number of bankruptcies was relatively high in the sector transport and storage.
The numbers in this publication are provisional and can be adjusted.
- Dossier - Business Cycle