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Construction insolvencies slowed in May

2 Jul 13 There was an 18% year-on-year fall in construction industry insolvencies during May 2013, according to an analysis by Experian Business Information Services.

Experian recorded 248 insolvencies in building and construction during May 2013, down from 303 in May 2012.

This equates to a fall in the industry’s insolvency rate from 0.18% for May 2012 to 0.14% for May 2013.

The equivalent rate for May 2011 was 0.16%.

“Building and construction firms can take heart at the drop off in insolvencies after a particularly difficult period,” said Experian managing director Max Firth.

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