Bankruptcies down 26% y/y in April
The number of bankruptcies fell to 65 in April 2014, compared to 88 in the corresponding month last year, a 26 percent decrease, according to Euler Hermes calculations based on official data.
“Within the first four months of this year 263 companies have been declared bankrupt, against 328 in the same period last year,” the firm said in a statement.
The three companies with the largest revenue that went bust in April were wholesalers. The number of manufacturers and construction firms going bankrupt has decreased significantly this year, although still remains high (60 manufacturing companies have gone under this year thus far), Euler Hermes said.
