Number of bankruptcies still high in the Netherlands

The number of bankruptcies is still very high in the Netherlands according to figures released by Statistics Netherlands.

In July this year, 779 businesses and institutions (excluding one-man businesses) were declared bankrupt, i.e. an increase by more than 100 relative to June.

Many businesses and institutions declared bankrupt in July were active in the sectors trade (224) and construction (92). The number of bankruptcies in the construction sector was lower than in the preceding months, but the number of bankruptcies in the sector trade was higher than in preceding months.

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 one month to the next. Therefore, the three-month moving average is a more reliable indicator. The three-month moving average climbed from 722 in June to 751 in July.

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