Opten: decreasing number of companies – what can be expected?

According to the latest KSH GDP report, there was a 0.9% increase in the third quarter of 2023 compared to the previous quarter. At the same time, compared to the same period of the previous year, the performance of the economy fell by 0.4%. This was mainly due to the decline in industry and market services, especially trade, as well as scientific, technical and administrative activity.

According to OPTEN’s data, the decrease in GDP is also reflected in corporate trends with the continuous decrease in the number of enterprises. We experience this trend throughout the year. Based on the October data, nearly 800 fewer companies operated in the month, which indicates that the annual decrease is gradually approaching 11,000.