Recent data from Creditsafe reveals a significant decline in bankruptcies within the Swedish retail sector, marking a 19% decrease in September. This positive trend emerges despite a general uptick in bankruptcies across other industries. Notably, the retail, restaurant, and construction sectors have all experienced reductions in bankruptcy rates, signalling a potential recovery on the horizon.
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From January to September 2024, the retail sector saw a modest 4% increase in bankruptcies compared to the same period in 2023, although e-commerce faced a stark 42% rise. Additionally, UC's bankruptcy statistics highlight a 23% decrease in retail bankruptcies for September, the largest drop recorded during the month.
While August showed signs of a downturn in bankruptcy rates across several sectors, the overall increase in bankruptcies raises concerns about future trends and the macroeconomic landscape. Gabriella Göransson, CEO of UC, expressed caution regarding the unpredictability of the current economic situation. However, the improvements in retail bankruptcy rates provide a glimmer of hope for the sector, indicating that better times may be ahead.
Source: www.ehandel.se