Over 310 bankruptcies in July

In July, a total of over 310  businesses and institutions (excluding one-man businesses) went bankrupt, a 4 percent reduction on one year previously.

As the number of businesses declared bankrupt in a particular month is closely related to the number of days courts are in session, it may vary strongly from month to month. Therefore, the three-monthly moving average is a more reliable indicator.

The three-monthly moving average stood at 297 bankruptcies in July, compared with 291 in June this year. With a few exceptions, the trend in the number of bankruptcies since the end of 2006 has been distinctly downward. This decrease has not continued in recent months.

More details on the development in the number of  bankruptcies can be found in the focus article: “Bankruptcy rate continues to decline”, published on 20 August.

Bankruptcies of businesses and institutions (excluding one-man businesses)