Regulation (EU) 2019/2152 of the European Parliament and of the Council of November 27, 2019 on European business statistics obliges Statistics Austria to continuously compile quarterly data on bankruptcies of legal units from the first quarter of 2021 onwards. Due to the Corona crisis and the large user demand on this data, Statistics Austria decided to produce and to publish results starting already from reference year 2019. The results are published 40 days after the end of the respective reporting quarter.
According to preliminary figures from Statistics Austria,
there were 484 bankruptcies in the first quarter of 2021. That is 57%
less than in the same period of the previous year, in which
However, this decline does not reflect the current economic situation - it is largely due to the suspension of the obligation to file for bankruptcy due to the current corona pandemic. The obligation to file for bankruptcy was suspended for the period from March 2020 to June 2021.
The data on the bankruptcies are based on the judicial bankruptcy proceedings. The initiation of bankruptcy proceedings of a legal unit in accordance with the Bankruptcy Code - IO, RGBl. No. 337/1914. These bankruptcy proceedings are: bankruptcy opening proceedings, bankruptcy proceedings, restructuring proceedings with and without self-administration.
The statistic is created in several steps:
Notes: In Austria, there are comparable bankruptcies figures for instance from the KSV1870. Although the data source used is identical, there are slight deviations from the figures published by Statistics Austria. Causes include: different coverage areas or reference times for the analysis or the assignment of the units to economic branches according to ÖNACE 2008.
The data on bankruptcies for the last four quarters of the report are shown as provisional and are revised when a new quarter is published.
© STATISTICS AUSTRIA, Last Changed 12.05.2021