More bankruptcies in May

According to Statistics Netherlands (CBS), the number of corporate bankruptcies has risen. In May 2017, it was 17 up from April. The number of bankruptcies in April was the lowest in over nine years. The largest increase in May was recorded in the sectors manufacturing, trade, and information and communication.

Downward trend

Adjusted for court session days, the number of bankruptcies peaked in May 2013. Subsequently, the trend was downward. In April 2017, the number of bankruptcies was at its lowest since December 2007. Last month the number rose again slightly.

In the first five months of 2017, the number of bankruptcies was around 25 percent down from the first five months of 2016.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, 318 businesses and institutions (excluding one-man businesses) were declared bankrupt in May 2017. With a total of 55, the trade sector suffered most. The number of bankruptcies also increased across most other sectors, with the exception of the sector business services where the number of bankruptcies decreased.

Number of bankruptcies of businesses and institutions (excluding one-man businesses) by sector
 number
Trade55
Financial services47
Construction37
Specialised business services33
Manufacturing30
Transport; storage21
Renting; other business services19
Information; communciation19
Accommodation; food14
Culture; sport; recreation11
Real estate activities10
Care9

The figures in this publication are provisional and can be adjusted.

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