# Fewer bankruptcies in July

The number of corporate bankruptcies, adjusted for court session days, has decreased. There were 12 fewer bankruptcies in July than in the previous month, according to Statistics Netherlands (CBS). The number of bankruptcies pronounced in the first seven months of 2021 is more than half lower than in the first seven months of 2020.

## Number of bankruptcies at lowest level in more than 30 years

The number of corporate bankruptcies (excluding sole proprietorships), adjusted for court session days, fluctuates significantly. Ups and downs alternate in rapid succession. The number of bankruptcies peaked in May 2013 (816); it subsequently declined continuously until August 2017 inclusive and then became fairly stable up until mid-2020. The trend has been downward again since then. In July 2021, the number of bankruptcies (on a monthly basis) reached its lowest level since January 1991.

## Most bankruptcies recorded in trade

If the number of court session days is not taken into account, 103 businesses and institutions (excluding sole proprietorships) were declared bankrupt in July. With a total of 17 (8 fewer than in June), the trade sector suffered most.

Trade is among the sectors with the highest number of businesses. In July, the number of bankruptcies was relatively highest in the construction sector.

Number of bankruptcies of businesses and institutions (excluding sole proprietorships) by sector
SectorJuly 2021June 2021
Construction1519
Financial services1321