More bankruptcies in August

Number of bankruptcies rising

The number of corporate bankruptcies (adjusted for court session days) fluctuates significantly, with rapidly alternating ups and downs. The number peaked in May 2013 (911); it subsequently declined continuously until August 2017 inclusive, after which it remained fairly stable until mid-2020. It then followed a downward trend again, reaching a record low of 109 in August 2021. As of May 2022, the number of bankruptcies has continuously been higher than in the same month one year previously.

Most bankruptcies recorded in trade sector

If the number of court session days is not taken into account, in August a total of 308 businesses and institutions (including sole proprietorships) were declared bankrupt. The trade sector suffered most with 86 bankruptcies; 52 more than in July. However, the number of bankruptcies in trade was relatively low in July. Compared to June, the increase was 20. Moreover, there were more court session days in August than in July and June.

The trade sector is one of the sectors with the largest number of businesses. In August, relatively the largest number of bankruptcies was pronounced in the sector transportation and storage.