Rise in Corporate Insolvencies in Austria Reaches New High – Vindobona.org

The service sector was particularly affected, followed by the construction industry and trade. In trade, 1,199 insolvencies were registered, while business-related services recorded 1,091 and construction 1,062. The accommodation and food service sector was also badly affected with 827 bankruptcies. In contrast, the number of private insolvencies fell slightly by 1.0% to 9,634 proceedings. Analysis…