Dutch bankruptcies on the rise

Dutch bankruptcies on the rise

In September, 553 businesses and institutions (excluding one-man businesses) in the Netherlands were declared bankrupt, i.e. nearly 40 more than in August. The number of bankruptcies was also slightly higher than in September 2011, when 527 businesses and institutions were declared bankrupt 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. The three-month moving average stood at 596 in September, down from 611 in August. September is the second month in a row in which the three-month moving average fell.

In the first nine months of 2012, nearly 5,539 businesses and institutions went bankrupt, i.e 23 percent more than in the same period of 2011.

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