|Year||Week||Number of bankruptcies|
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
If the number of court session days is not taken into account, in October a total of 332 businesses and institutions (including sole proprietorships) were declared bankrupt. The trade sector suffered most with 63 bankruptcies; 43 percent more than in September.
The trade sector is one of the sectors with the largest number of businesses. In October, relatively the largest number of bankruptcies was pronounced in manufacturing.
|Sector||October 2023||September 2023|
|Specialised business services||38||50|
|Accommodation and food services||25||25|
|Transportation and storage||19||22|
|Renting and other business services||11||14|
|Information and communication||9||10|
|Arts, sports and recreation||8||7|
|Other service activities||8||8|
|Real estate activities||6||5|
|Agriculture, forestry and fisheries||1||2|