The number of companies declared bankrupt in October was slightly higher than in September, the national statistics office CBS said on Friday. Nevertheless, the CBS said, the overall trend in corporate bankruptcies in the Netherlands is still downward.
A total of 288 companies and institutions, excluding one-man businesses, were declared bankrupt in October, a rise of 20 on September. Most (56) were in the trade sector.
The number of bankruptcies peaked in May 2013 and has fallen since then, reaching the lowest level since 2001 in August 2017. The slight rise in October followed a light gain in September. It is premature to say whether the hikes in the past two months reverse the trend, the CBS said.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.