Bankruptcies continue to decline, down 7 percent in February

Published:

Bankruptcies continue to decline, down 7 percent in February
Photo: Janerik Henriksson/TT

In February, 856 limited liability companies went bankrupt, according to figures from Creditsafe, compared with 924 in the same month a year earlier.

Almost 1,900 employees were affected by the bankruptcies, 28 percent fewer than in February last year.

"A clear break in the trend. Although the recovery is cautious and we may see occasional months of increases during the year, the development is more stable than before," said Henrik Jacobsson, CEO of Creditsafe, in a press release.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...