The improved macro-economic situation in Europe (aided by the fall in oil prices, the lower euro and the ECB’s highly expansionary monetary policy) has had favourable effects on businesses in the region. Bankruptcies drastically decreased in almost all countries in the region during the course of last year – especially in the four Northern Europe Region (NER) countries we focus on in this panorama, namely Germany, the Netherlands, Sweden and Denmark.
This positive scenario was seen by most of the sectors across these countries. Only in Denmark, were the developments more disparate. Throughout the NER-countries, insolvencies were fairly frequent among the Trade, Transport, Accommodation and Construction sectors – both in terms of share of total insolvencies and their share in eco-nomic activity. In contrast, business fail-ures in Manufacturing were less frequent.
For more information : cofacepanorama_insolvencies_ner