The number of bankruptcies in the Netherlands dropped significantly in July. According to Statistics Netherlands, a total of 299 companies were declared bankrupt in July, which is 109 fewer than during the same period last year, a drop of 27 percent. It was also 4 percent fewer than in June.
The bankruptcy rate, the number of bankruptcies per 100,000 companies, was 8.1 in July. A year earlier, 11.3 out of every 100,000 companies were declared bankrupt.
Since March of this year, Statistics Netherlands has placed greater emphasis on the bankruptcy rate, which it says provides a better picture of trends in the number of bankruptcies. It also allows for better comparisons between sectors, as the number of companies can fluctuate over time…