Record of corporate bankruptcies in the EU. Everything is fine…
As Eurostat notes, the number of bankruptcy filings among EU companies increased significantly in the fourth quarter of 2022 (+26.8% compared to the previous quarter) and reached the highest levels since the start of data collection in 2015 The number of bankruptcy filings increased in all four quarters of 2022.
As for new business registrations, these decreased slightly by 0.2% in the fourth quarter of 2022 compared to the previous quarter. Overall, in all four quarters of 2022, business registration levels were higher than in the pre-COVID 2015-2019 pandemic.
This information comes from data on business registrations and bankruptcies published today by Eurostat. Since February 2023, for countries that transmit monthly information on a voluntary basis, the Eurostat database also includes monthly data on business registrations and bankruptcies.
Bankruptcy filings increased most in the transportation and warehousing businesses in the 4th quarter of 2022.
Looking specifically at bankruptcies by activity, all sectors saw an increase in the number of bankruptcies in the fourth quarter of 2022 compared to the previous quarter.
Transportation and warehousing (+72.2%), accommodation and food services (+39.4%) and education, health and social activities (+29.5%) were the businesses with the larger increases in the number of bankruptcies in the fourth quarter of 2022 than in the previous quarter.
Analyzed by macro-sector, construction and information were the most affected
So the ECB is hitting its target and monetary tightening is blowing up the bankruptcies, causing the economic slowdown. The upcoming austerity policies already in the air, combined with those of green deals, will only make this situation worse. let's get ready for other records.
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The article Record of corporate bankruptcies in the EU. It's all right… it comes from Scenari Economici .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/record-di-fallimenti-aziendali-nella-ue-va-tutto-bene/ on Sat, 18 Feb 2023 09:47:37 +0000.