Bankruptcies rising in the Netherlands

Posted on Dec 12, 2011 in Business | 2 comments

Bankruptcies rising in the Netherlands

In November 2011, 610 businesses and institutions (excluding one-man businesses) in the Netherlands were declared bankrupt, 85 more than in October according to Statistics Netherlands.

As the number of businesses declared bankrupt in a particular month is closely related to the number of days the courts are in session, it may vary considerably from month to month. Therefore, the three-month moving average is a more reliable indicator.

The three-month moving average was 555 in November versus 519 in October. The number of bankruptcies has risen steadily in the past months, after it fluctuated around the 500 mark for over a year.

More at The Dutch Daily News

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  • Alessandra

    Join the new EU elite club. Portugal, Italy, Greece and Spain are having the same problems. Not to mention the US but that shouldn’t have any affect on euro countries.

  • Carmen

    All aboard to the train to nowhere – Bankruptcies can also bring new and better opportunities to start all over again.