More bankruptcies filed in May in Finland

A total of 327 bankruptcy proceedings were instigated in May 2024, which is 84 more than in the corresponding period of the previous year, according to Statistics Finland.

The number of staff-years in enterprises that filed for bankruptcy totalled 1,110, which is 135 staff-years more than in May 2023

In May 2024, the 12-month moving annual change in instigated bankruptcy proceedings was 17 per cent.

The number of instigated bankruptcy proceedings was lowest in the industry of agriculture, forestry and fishery. Nine bankruptcy proceedings were instigated in the industry.

In May 2024, most bankruptcy proceedings were instigated in the industries of construction and other service activities.

In the industry of other service activities, 122 bankruptcy proceedings were instigated, and in construction 70 bankruptcies.