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Send  Share  RSS  Twitter  13 Aug 2012

ECONOMY: Company Liquidations Up and Down!

 





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Despite June 2012’s company liquidations of 213 being 36.5% above June 2011’s level, the year-to-date total is 7.8% below that recorded in the first six months of last year, says Luke Doig, Senior Economist at Credit Guarantee Insurance Corporation.

Given that this is a lagging indicator, the improving trend may however be somewhat misleading. In fact, the second quarter of 2012 total of 756 is 6.2% higher than that recorded in the first quarter of 2012. Our leading indicator for payment defaults is 5% higher in number in the first half of 2012 compared to the first half of 2011 and the values involved some 20% higher. Unfortunately that, together with slowing overall economic activity, would lead us to expect even greater numbers of payment defaults in the months ahead, with company closures potentially following suit.


 
 
 
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