June 23, 2022
Adjusted for court session days, the number of corporate bankruptcies has increased in the Netherlands. According to Statistics Netherlands, there were 71 more bankruptcies in May than the previous month (CBS). However, when compared to the period before to the coronavirus pandemic, the number of pronounced bankruptcies is still low.
The number of bankruptcies peaked in May 2013 (911), following which it steadily decreased until August 2017, when it stayed rather consistent until mid-2020. It subsequently resumed its downward trend, reaching its lowest point since the time series began in January 1981 in August 2021. Although the number of bankruptcies increased in May 2022 over the previous month, it remained low when compared to the period before to the coronavirus pandemic.
In May a total of 210 businesses and institutions (excluding sole proprietorships) were declared bankrupt. The trade sector suffered most with 43 bankruptcies; this is 19 more compared to April.
The trade sector is one of the sectors with the largest number of businesses. In May, relatively the highest number of bankruptcies was pronounced in the transportation and storage sector.
Source: cbs.nl
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