Number of bankruptcies drops significantly
In May this year, 420 businesses and institutions (excluding one-man businesses) in the Netherlands were declared bankrupt, a decline by more than 70 relative to April. May is the second month in a row to show a significant decline in bankruptcies.
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 considerably from month to month. Therefore, the three-monthly moving average is a more reliable indicator.
In May, the three-monthly moving average stood at 518. This is the lowest level since the beginning of 2009.
