Dutch Construction Sector Has Avoided Major Bankruptcy Wave Plaguing Other Countries

Bankruptcies in the construction industry have surged across the eurozone this year, but the Netherlands has managed to keep its figures relatively low, according to new findings from Allianz Trade published this week, NLTimes.nl reported. Between January and August, Italy and Sweden experienced a staggering 35 percent rise in construction bankruptcies. In stark contrast, the Netherlands reported only a 4 percent increase in bankruptcies within the construction sector.
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Netherlands Bankruptcies Fell 18% in August Compared to July, but Bankruptcies Up 40% This Year

The number of bankruptcies in August decreased significantly compared to the previous month, according to Statistics Netherlands (CBS), the NL Times reported. In August, 307 companies and institutions, including one-person businesses, were declared bankrupt, down 18 percent compared to July. Despite the month-to-month improvement, roughly 40 percent more bankruptcies were declared in the first eight months of 2024 when compared to the same period last year. A total of 378 companies were declared bankrupt in July, which was 71 more than in August.
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Dutch Bankruptcies Still on the Rise; Upward Trend for over Two Years

The number of bankruptcies in the Netherlands rose again in July, the NL Times reported. According to Statistics Netherlands (CBS), 24 more companies were declared bankrupt last month than in June, an increase of 6 percent. CBS says the trend in the number of bankruptcies has been rising for more than two years. In the first seven months of 2024, approximately 43 percent more companies went bankrupt than in the same period a year earlier. The number of bankruptcies was also higher than in the three years before the coronavirus pandemic.

Netherlands
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