Swedish Bankruptcy Rate Edges Higher in May Amid Consumer Gloom
The number of bankruptcies in Sweden continues to tick higher as the uncertainty surrounding tariffs weighs on consumers' willingness to spend.
In May, 906 limited liability companies were declared bankrupt, up 3% from the same month a year ago, according to data compiled by credit reference agency Creditsafe i Sverige AB. The year-to-date figure of 4,616 bankruptcies is on par with last year's tally.
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