Key findings: P0043 - Statistics of Liquidations and insolvencies, March 2017

The total number of liquidations recorded increased by 16,8% (27 more cases) year-on-year in March 2017. Voluntary liquidations increased by 27 cases while compulsory liquidations remained unchanged during this period. The number of liquidations showed a 13,1% decrease in the first quarter of 2017 compared with the first quarter of 2016. Company liquidations decreased by 16,8% (from 244 to 203) and close corporation liquidations decreased by 9,4% (from 245 to 222) during this period.

The estimated number of insolvencies decreased by 12,7% in February 2017 compared with February 2016. The number of insolvencies showed a decrease of 16,2% (from 650 to 545) in the three months ended February 2017 compared with the three months ended February 2016.Seasonally adjusted insolvencies decreased by 4,7% in February 2017 compared with January 2017. This followed month-on-month changes of -0,5% in January 2017 and 2,4% in December 2016.