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

The total number of liquidations reflected a year-on-year increase of 26,2% in June 2017. Voluntary liquidations increased by 25 cases and compulsory liquidations increased by 7 cases. There was a decrease of 2,7% in the second quarter of 2017 compared with the second quarter of 2016. The total number of liquidations recorded for the first six months of 2017 decreased by 8,2% (from 929 to 853) compared with the first six months of 2016. Company liquidations decreased by 14,2% (from 485 to 416) and close corporation liquidations decreased by 1,6% (from 444 to 437) during this period.

The estimated number of insolvencies for the first five months of 2017 decreased by 17,7% compared with the same period in 2016. A 20,3% decrease was estimated in the three months ended May 2017 compared with the three months ended May 2016. A year-on-year decrease of 13,1% was estimated in May 2017. Seasonally adjusted insolvencies decreased by 1,0% in May 2017 compared with April 2017. This followed month-on-month changes of 16,0% in April 2017 and -16,3% in March 2017.