Bankruptcies rocket in the Netherlands

Bankruptcies rocket in the Netherlands

As a full-blown recession looms ever nearer, today brings more bad news regarding the numbers of business failures in the Netherlands.

In January this year, 680 businesses and institutions (excluding one-man businesses) in the Netherlands were declared bankrupt, an increase by more than 160 relative to December last year, according to Statistics Netherlands.

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-month moving average is a more reliable indicator.

With 611, the three-month moving average was considerably up from December (559). Since the summer of 2011, the number of bankruptcies has risen rapidly.

Source: cbs

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