Fewer firms go bust; trade, financial, business services hardest hit

empty offices at nightThe number of Dutch firms going bust went down July, continuing a downward trend which started in May 2013, the national statistics office CBS said on Monday.

Last month, 367 firms were closed down, compared with 441 in the year earlier period. So far this year, bankruptcies are down 20% on a year ago.

Trading, financial service and business services were most likely to go bust, the CBS said. The CBS figures do not include on-man operated firms.

Last week, credit insurance group Atradius said the number of bankruptcies in the Netherlands will shrink by 6% over 2016, meaning just under 7,000 firms will be forced to call it a day. In 2017, the bankruptcy rate will go down by 4% to 6,600, Atradius said.

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