In 2016 lowest number of bankruptcies in 8 years

Statistics Netherlands (CBS) reports that the number of bankruptcies fell by 88 in December 2016 relative to the month of November, when the number was up substantially. The total number of bankruptcies among businesses and institutions (excluding one-man businesses) in 2016 was 4,396, the lowest level since 2009.

Number of bankruptcies of businesses and institutions (excluding one-man businesses), corrected for court session days
Number of bankruptcies of businesses and institutions (excluding one-man businesses), corrected for court session days
 number
2013 J751
2013 F793
2013 M745
2013 A728
2013 M816
2013 J742
2013 J689
2013 A636
2013 S623
2013 O658
2013 N607
2013 D588
2014 J633
2014 F645
2014 M556
2014 A648
2014 M583
2014 J492
2014 J566
2014 A490
2014 S487
2014 O563
2014 N517
2014 D465
2015 J500
2015 F505
2015 M574
2015 A470
2015 M456
2015 J427
2015 J441
2015 A333
2015 S339
2015 O395
2015 N411
2015 D420
2016 J400
2016 F480
2016 M393
2016 A384
2016 M342
2016 J383
2016 J370
2016 A286
2016 S298
2016 O302
2016 N416
2016 D328

Erratic trend

Adjusted for court session days, the number of bankruptcies peaked in May 2013 and subsequently saw a decline which lasted until August 2016, when it reached its lowest level since May 2013. The downward trend came to a halt after that. Bankruptcy developments do tend to be fairly unpredictable.

Number of bankrupties in 2016 down by nearly 17 percent

The number of bankruptcies over the entire year 2016 reached a total of 4,396, a year-on-year decrease by almost 17 percent, and the lowest number since 2009. The number of bankruptcies peaked in 2013 at 8,376 and subsequently started to decline by around one-fifth for three consecutive years, consistent with the economic recovery in the Netherlands.

Number of bankruptcies
Number of bankruptcies
 one-man businesses and private persons
20002621
20013333
20024085
20035235
20045267
20055083
20064228
20073589
20083840
20096942
20106162
20116117
20127349
20138376
20146645
20155271
20164396

Sharpest decline in construction sector

The number of bankruptcies was down across nearly all sectors but fell most substantially in the construction sector, in both absolute and relative terms. The total in that sector declined from 611 in 2015 to 411 the following year, a drop of 33 percent, along with further recovery in the housing market.

Just as in the previous year, in 2016 most bankruptcies were pronounced in the trade sector, where a total of 952 businesses went out of business, including 449 wholesalers and 425 retailers. This was followed by the sector financial services with 758 bankruptcies. Both sectors saw numbers drop considerably: by 166 (15 percent) in trade and by 187 (20 percent) in financial services.

Bankruptcies of businesses and institutions (excluding one-man businesses) by sector
Bankruptcies of businesses and institutions (excluding one-man businesses) by sector
 20162015
Trade9521118
Financial services758945
Specialised business services515615
Construction411611
Manufacturing334350
Renting; other business services261330
Accommodation; food208229
Transport; storage205202
Care173158
Information; communciation151218
Real estate activities144151
Culture; sport; recreation74108

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