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European business insolvencies hit a record 195.9 on the official index in the second quarter of 2026

195.9Bankruptcy declarations, index 2021 equals 1002019 Q42021 Q22022 Q42024 Q22025 Q42026 Q2

Union wide bankruptcy declarations, seasonally and calendar adjusted, 2021 equals 100, read from the statistical office's quarterly dissemination interface with an update stamp of 20 October 2026. The four quarters of 2021 sum to exactly 400.0, so the base checks out. No standard error or significance test is published for any value.

The statistical office's bankruptcy declaration index reached 195.9 in the second quarter of 2026, nearly double its 2021 base and 41.65 per cent above the last quarter before the pandemic. The pandemic trough itself is entirely imputed data.

195.9Index, second quarter of 2026
+5.7%Change on the previous quarter
+108.85%Rise from the pandemic low
+41.65%Rise from the last pre-pandemic quarter

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