The number of bankrupt companies in the European Union in the second quarter of 2024 increased by 3.1% compared to the previous three months, according to the EU Statistics Office. The increase in the number of insolvent companies was recorded in construction (+3.8%), financial sector (+2.6%), trade (+2.4%) and industry (+1.6%).
At the same time, their number decreased in education and social activities (-1%), in the hotel and catering sector (-1.1%), in transportation (-1.6%), and in information and communications (-4.8%).
At the same time, the number of business registrations in the European Union fell by 2.1% compared to the first quarter, with declines in all sectors of the economy.
The largest declines were recorded in trade (-4.7%), industry (-3.6%), and education and social activities (-3.4%), with the smallest decline in finance (-0.7%).
Recently, the Experts Club information and analytical center released a video about the history of defaults and a table of countries that may face the risk of default in the medium term. For more details, see the video on Experts Club’s YouTube channel:
