The number of bankruptcies increased by 11 percent in September compared to the same period last year, according to figures from the credit information company UC. The picture is confirmed by monthly figures from competitor Creditsafe, which point to an increase in the number of bankruptcies by 17 percent.
UC sees more bankruptcies in the real estate and communications industries, as well as among technology companies. In the real estate sector, bankruptcies increased by over 60 percent.
"It is clear that the recession is lingering longer than expected," says Gabriella Göransson, CEO of UC, in a press release.
At the same time, UC sees a decrease in the number of bankruptcies in industries such as retail, hotels, and restaurants, as well as in the construction industry.
Creditsafe sees the largest increase in bankruptcies among real estate companies and workshops, while noting signs of recovery in retail, restaurants, and construction.
"Unfortunately, the autumn will be tough for many entrepreneurs, but we hope the recession will soon ease," says Henrik Jacobsson, CEO of Creditsafe, according to a press release.
