(Finance) – The number of bankruptcy filings among EU companies grew by 26.8% in the fourth quarter of 2022 compared to the previous quarter. These are the highest levels on record since data collection began in 2015. In addition, the number of bankruptcy filings increased during all four quarters of 2022. data on business registrations and bankruptcies published today by Eurostat.
As for the recordings Of new businesses, these decreased slightly by 0.2% in the fourth quarter of 2022 compared to the previous quarter. Overall, in all four quarters of 2022, business registration levels were higher than in the pre-COVID 2015-2019 pandemic.
Looking specifically at business failures, all of the sectors recorded an increase in the number of bankruptcies in the fourth quarter of 2022 compared to the previous quarter: transport and storage (+72.2%), services of accommodation and catering (+39.4%) and instruction, healthcare And social activities (+29.5%) were the businesses with the greatest increases in the number of bankruptcies in the fourth quarter of 2022 compared to the previous quarter.
Compared to the pre-pandemic fourth quarter of 2019, the number of bankruptcy filings in the fourth quarter of 2022 was higher in most sectors of the economy. The largest increases in the number of bankruptcies, compared to the fourth quarter of 2019, were recorded in accommodation services and catering (+97.7%) and in transport and storage (+85.7%). The number of bankruptcy filings in the fourth quarter of 2022 compared to the pre-pandemic fourth quarter of 2019 was lower in only three sectors of the economy: industry (-17.6%), buildings (-9.2%) and information and communication ( -4.0%)
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