Altogether 224 bankruptcies were instigated in July 2023

Release related to topics:Enterprises
release | Bankruptcies and business restructuring proceedings 2023, July

According to Statistics Finland, 224 bankruptcy proceedings were instigated in July 2023, which is 76 more than in the corresponding period one year earlier. The number of staff-years in enterprises that filed for bankruptcy totalled 858, which is 338 staff-years more than in July 2022.

Key selections

  • During the past 12 months, the number of bankruptcies was 22 per cent higher than in the 12 months preceding this period.
  • In July 2023, most bankruptcy proceedings were instigated in the industries of construction and other service activities. In the industry of other service activities, 68 bankruptcy proceedings were instigated, and in construction 61 bankruptcies.
  • Over the 2000s, the number of bankruptcies in July has never been as high as in July 2023.

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Updated database tables
Classifications used:
    Reference period cycle:
    month
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    Classifications used:
    • Industry
    • Legal form
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    Classifications used:
    • Industries_luok
    • Municipality
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    Documentation

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    Go to documentation of the statistics

    Referencing instructions

    Official Statistics of Finland (OSF): Bankruptcies and business restructuring proceedings [online publication].
    Reference period: 2023, July. ISSN=2954-0607. Helsinki: Statistics Finland [Referenced: 22.11.2024].
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    Statistical experts

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    Tommi Veistämö
    Senior Statistician
    029 551 3546

    Other experts

    Mira Kuussaari
    Senior Statistician
    029 551 3538

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    Katri Kaaja
    Head of Department in charge
    029 551 3488