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Swedish bankruptcy numbers 'finally turning'

In June 2024, Sweden saw a notable decrease in bankruptcies for the first time since July 2022, marking a positive turn amid recent economic challenges. Statistics from UC, a credit information company, indicate an overall 4% reduction in bankruptcies compared to June last year. Specifically, the retail sector experienced a 13% decrease, while wholesale trade saw a 6% decline.

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Gabriella Göransson, CEO of UC, expressed optimism about the trend reversal in an article on Dagens Handel, stating, "Finally, now it's turning." She attributed this improvement to various springtime political measures, including an interest rate cut by the Riksbank in May.

The retail industry, which saw 514 bankruptcies in the first half of the year—a 16% increase from 2023—recorded 67 bankruptcies in June, which is ten fewer than the previous year. Göransson emphasized that while Sweden still has progress to make towards economic normalization, the recent reduction in bankruptcies indicates a step in the right direction.


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