There was a notable increase in the total number of bankruptcies in Sweden from week 13 (23/3-29/3) and onwards during 2020. This negative trend persisted for several months but slowed down during the summer. In December there was a big increase again(30% compared to December 2019), which affected the figures for the entire year. For 2020, we see an increase of bankruptcies of +3% compared to 2019.
So far we have seen no big changes in payment remarks.
Taxi In the taxi branch we can see a trend with a larger increase in bankruptcies in the first half of 2020. When summarizing the whole year 2020 compared to 2019, the increase in bankruptcies is noted to have increased +27%.
Retail Clothing The number of bankruptcies within the Retail Clothing sector initially soared in 2020 but slowed down during the fall, with a summary for the year of an increase of +34% (compared to 2019).
Hospitality, Food & Beverages This is a branch that was severely impacted by the Coronavirus with bankruptcies reaching +101% when comparing some periods in 2020 to the previous year (2019). Looking at the full year 2020, then the increase in bankruptcies stopped at +21,5% for this sector, when compared to 2019.