Corporate insolvencies rise 14% in second quarter

Corporate insolvencies rose 14 per cent in the second three months of this year, according to new data.

15th July, 2014

Corporate insolvencies rose 14 per cent in the second three months of this year, according to new data.

The second quarter saw 347 corporate insolvencies, compared to 303 in the first quarter, according to figures released by Deloitte, and published by www.InsolvencyJournal.ie.

The biggest number of insolvencies were in the construction sector at 73, while the hospitality sector had 46. There was also an increased number of insolvencies in manufacturing, IT and the wholesale sector.

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