Insolvency on the rise in certain sectors in the EU.

On average in the EU, insolvencies in the transport/storage (+44 percent year-on-year), retail (+20 percent), accommodation and catering (+20 percent) and B2C services (+17 percent) sectors are the most increased the most, while construction (+6 percent) and manufacturing (+5 percent) brought up the rear. According to Allianz Trade, the first available data for January and February 2023 confirm that the upward trend will continue.