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

The number of liquidations decreased by 3,4% in 2017 compared with 2016. This followed annual changes of -1,4% in 2016 and -4,9% in 2015. Company liquidations decreased by 5,3% (from 1 012 to 958) and close corporation liquidations decreased by 1,3% (from 922 to 910) between 2016 and 2017.

The number of liquidations increased by 17,1% in the fourth quarter of 2017 compared with the fourth quarter of 2016. Compulsory liquidations increased by 43,5% (from 46 to 66) and voluntary liquidations increased by 14,3% (from 421 to 481).The total number of liquidations showed a year-on-year increase of 11,4% in December 2017.

The number of insolvencies estimated was 235 in November 2017, showing a year-on-year increase of 13,0%. An increase of 17,1% was estimated between the three months ended November 2016 and the three months ended November 2017. There was an increase of 1,1% in the first eleven months of 2017 compared with the first eleven months of 2016.

Seasonally adjusted insolvencies decreased by 1,3% in November 2017 compared with October 2017. This followed month-on-month changes of -12,7% in October 2017 and 10,4% in September 2017.