IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The total number of liquidations decreased by 6,4% in September 2017 compared with September 2016. Voluntary liquidations decreased by 27 cases while compulsory liquidations increased by 16 cases. Six out of the ten industries decreased year-on-year with construction showing the largest decrease, from 12 to 2 (10 fewer liquidations). A noteworthy increase was recorded in the trade, catering and accommodation industry, from 32 to 42 (10 more liquidations).

Liquidations decreased by 13,0% in the third quarter of 2017 compared with the third quarter of 2016. During the first nine months of 2017, the number of liquidations reflected a year-on-year decrease of 10,0%. Company liquidations decreased by 15,2% (from 775 to 657) and close corporation liquidations decreased by 4,0% (from 692 to 644) during this period.

The estimated number of insolvencies increased by 24,5% in August 2017 compared with August 2016. A 19,0% increase was estimated between the three months ended August 2016 and the three months ended August 2017. There was a decrease of 4,4% in the first eight months of 2017 compared with the first eight months of 2016.

Seasonally adjusted insolvencies decreased by 1,2% in August 2017 compared with July 2017. This followed month-on-month changes of 5,0% in July 2017 and 17,6% in June 2017.