Netherlands business bankruptcies rise in September

The number of business bankruptcies in the Netherlands rose significantly in September, with 320 companies declared bankrupt. This represents a 16 percent increase compared to the same month last year and an increase of 16 cases over August.

According to data from Statistics Netherlands (CBS), the bankruptcy rate reached 8.5 per 100,000 companies, up from 7.5 a year earlier. The transport and storage sector saw the highest proportional impact, with 37.8 bankruptcies per 100,000 companies compared to 25.3 last year. The industrial sector also saw a sharp rise, with its bankruptcy rate nearly doubling from 19.6 to 37.3 per 100,000.

Other sectors experiencing increases include construction and real estate. Conversely, the hospitality sector showed a notable decline, with its bankruptcy rate dropping from 46.7 to 25.2 per 100,000 companies.