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Bankruptcies slightly down and registrations up in Q4 2024

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In the fourth quarter of 2024, the number of bankruptcy declarations of EU businesses decreased by 0.7% compared with the third quarter of 2024. 

At the same time, business registrations went up by 2.6% compared with the third quarter of 2024. 

This information comes from data on business registrations and bankruptcies published by Eurostat recently. This article presents a handful of findings from the more detailed Statistics Explained article. 
 

Line chart. Registrations of businesses and declarations of bankruptcies in the EU. Q1 2018 to Q4 2024. (index 2021=100; seasonally adjusted data)

Source dataset: sts_rb_q

Business registrations rose in all sectors

In the fourth quarter of 2024, data show that the number of business registrations went up in all sectors of the economy, when compared with the previous quarter. The highest increases in the number of registrations were in transportation and storage (+5.7%), industry (+3.5%) and the information and communication sector (+2.3%). The lowest increase was in the construction sector (+0.9%). 

Bankruptcies decreased in most sectors but spiked in education and social activities 

In the fourth quarter of 2024, the number of bankruptcy declarations increased in only 2 sectors, when compared with the previous quarter: education and social activities (+17.7%) and industry (+1.6%). On the other hand, the largest decreases in the number of bankruptcies were recorded in the information and communication sector (-25.6%), accommodation and food services (-12.2%) and transportation and storage (-10.1%). 

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