In another piece of worrying macroeconomic news, Dun and Bradstreet Israel reports that the number of companies facing collapse continued to rise in July. The percentage of firms at risk rose by 0.07 percentage points to 13.24% in July. Weighted average business risk rose by 0.15 percentage points in January-July,
The leasing sector had the highest business risk for the second consecutive month, rising 0.47 percentage points to 18.94% in July, after rising by 0.87 percentage points in June. The sector's business risk rose by 1.62% in the 12 months through July.
The weighted average business risk of the food sector, also considered a risky sector, rose by 0.2 percentage points in July to 26.41%. However, the normally riskiest sector - restaurants and pubs - showed improvement, with its weighted average business risk falling by 0.31 percentage points in July.
Among the sectors with the lowest risk, the financial services, insurance, and management sector unexpectedly saw a rise of 0.08 percentage points in its business risk to 8.85%. The rising business risk in the communications sector also continued in July.
Published by Globes [online], Israel business news - www.globes-online.com - on August 12, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010