329 corporate insolvencies were recorded in Ireland in the first half of the year, new figures from Deloitte show.
This is up 30% on the same time last year, when 253 insolvencies were recorded.
186 corporate insolvencies were recorded in the second quarter of the year, up 30% on the previous quarter. These figures represent the highest quarterly level since the first quarter of 2019.
The data shows that insolvency levels remain around 30% below 2017 and 2018 levels.
“Despite the economic impact of Covid-19 and the negative impacts of high inflation, soaring energy costs and rising interest rates, insolvencies remarkably are still only at 2019 levels, when the economy was in rude health and didn’t face the same economic headwinds,” said…
Read the full article at: https://www.rte.ie/news/business/2023/0726/1396628-corporate-insolvencies-rise-30-in-first-half-of-year/