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More bankruptcies in October in Netherlands

Staff Writer |
The number of corporate bankruptcies has increased, according to Statistics Netherlands (CBS).

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There were 40 more bankruptcies in October 2018 than in the previous month. In September, the number of bankruptcies reached the lowest level since 2001. However, the trend has been fairly flat for over a year.

Adjusted for court session days, the number of bankruptcies peaked in May 2013. This was followed by a downward trend until September 2017. Subsequently, the number of bankruptcies showed an irregular pattern with many ups and downs. The trend has been more or less flat for over a year. The number of bankruptcies reached the lowest level of this century in September 2018. In October, however, the number increased again.

If the number of court session days is not taken into account, 306 businesses and institutions (excluding one-man businesses) were declared bankrupt in October 2018. With a total of 70, the trade sector suffered most.

Trade is among the sectors with the highest number of businesses. In October, the number of bankruptcies was relatively highest in the sector accommodation and food services.

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