27 percent more bankruptcies than last year

Published 15 May 2023 at 11.12

Developments with higher bankruptcies than the year before have been seen since autumn 2022.

In April, bankruptcies are more than in 2021 and 2022, but lower than in the years before the pandemic. At the time, Sweden was heading into a recession, but the government started creating extreme amounts of new money and pumping it into the economy, leading to the current inflation.

In April, the number of bankruptcies increased in all industries except information and communication and transport and warehousing. The increase was greatest in trade in and repair of motor vehicles and education, healthcare and other personal services.

The number of bankruptcies increased in 11 of Sweden’s 21 counties, including in all three metropolitan counties. In Stockholm County, 211 companies went bankrupt, compared to 167 the year before. In the counties of Västra Götaland and Skåne, 86 and 71 companies respectively went bankrupt, compared to 67 and 65 respectively the year before.

Source: Fria Tider by www.friatider.se.

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