That is still some way below the pre-covid Q3 2019 peak of 111.7, however.īankruptcy registrations fell to their lowest level since 2015 in Q2 of 2020, as countries suspended the obligation to file for bankruptcy for part of the year and financial support measures to support businesses affected by a wave of Covid-19 lockdowns across the world put struggling companies into stasis.īut as Europe emerged from the pandemic, so bankruptcies started to rise once again. The index hit 91.8 in the first quarter of 2023, rising to 97.5 in Q2 2023, and remaining flat in Q3 at 97.6. And the number of construction companies declaring themselves bankrupt across Europe has risen steadily in 2023 but has so far stayed below the pre-covid peak.Īlthough bankruptcies are a lagging indicator, the rise reflected the effects of post-covid supply chain problems, Russia’s invasion of Ukraine, and price rises.
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