Consumer insolvencies rose 16 per cent year over year in November
BNN Bloomberg
Consumer insolvencies were up 16.3 per cent in November 2022 compared with the same month the year prior, and business insolvencies were up 58.3 per cent.
Meanwhile, consumer insolvencies for the 12-month period ended Nov. 30, 2022 were up 9.5 per cent compared with a year earlier.
Business insolvencies for the 12-month period were up 37.8 per cent.
Total insolvencies in November 2022 were up 7.3 per cent month over month, and up 17.5 per cent year over year.
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