Friday, 5 June 2015 – 9:34 Update: 05-06-2015 21:50
In May 2015, 370 businesses and institutions (excluding one-man businesses) were declared bankrupt, CBS reports today. That’s 84 fewer than in April. Especially in trade and industry are fewer companies declared bankruptcy. The number of insolvencies increased in May to the lowest level since November 2008.
Most bankruptcies in the financial services
Most bankruptcies are pronounced among financial institutions, namely 88. In trade, the number of bankruptcies has decreased by 46 to 59. Especially pronounced in the retail fewer bankruptcies. In industry, the number of bankruptcies has almost halved, from 38 in April to 20 in May.
The trading and financial services, moreover count most companies. Relatively speaking transport and storage (25) and construction (52) the sectors in which most companies have gone bankrupt in May.
Downward trend
The number of businesses declared bankrupt in a month is closely related to the number of sittings of the court in that month. This reduces the number of bankruptcies from month to month can fluctuate widely. For a better picture of the development of the number of bankruptcies generally therefore looks at the three-month moving average.
In May, the three-month average was 490. A month earlier it was 526. In May 2015 the average was the lowest level since September 2011.
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