Europe’s leading business information supplier Bisnode has published an aggregate report of bankruptcies and business startups for the third quarter of 2012, indicating continued economic slowdown for the region. Adjusted for seasonal factors, the trend of decreased business startups and increased bankruptcies remains. Businesses in the transport and communication industries continue to suffer due to fierce competition and increased fuel prices.
Business startups in the region have a year on year increase of 0.2% and a decrease of -6.3% from Q2. Bankruptcies have a year on year increase of 5.4% and a decrease of -8.7% for the third quarter.
To read the full report click on the link: http://www.bisnode.com/europeanreport
Source: BISNODE – A member of BIIA