More bankruptcies in Netherlands in OctoberStaff Writer | November 16, 2017
The number of corporate bankruptcies has increased, according to Statistics Netherlands (CBS).
Europe The number of bankruptcies
The number of bankruptcies shows an irregular pattern with many ups and downs. Adjusted for court session days, the number of bankruptcies peaked in May 2013.
This was followed by a downward trend, reaching its lowest level (since 2001) in August 2017. October’s increase comes after a modest rise in September, but it is premature to conclude that the increase in bankruptcies over the past two months has a structural effect on the overall trend.
If the number of court session days is not taken into account, 288 businesses and institutions (excluding one-man businesses) were declared bankrupt in October 2017. With a total of 56, the trade sector suffered most.
Trade is among the sectors with the highest number of businesses. In October, the number of bankruptcies was relatively highest in the sector transport and storage. ■