5,000 fewer companies at risk: BDI

Some 5,000 companies have performed well enough since June 2006 to no longer be classified as being at risk of closure, research company BDI-Coface reported on Wednesday.

By MATTHEW KRIEGER
July 19, 2007 06:33

 
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Some 5,000 companies have performed well enough since June 2006 to no longer be classified as being at risk of closure, research company BDI-Coface reported on Wednesday. According to the BDI report, in June 2006 some 44,320 companies were listed as being in danger of closure, a number that dropped to 39,360 as of last month. Additionally, over the first six months of the year, said BDI in its monthly "business climate" report, the number of companies that have been taken off the "at-risk" list has dropped from 44,800. In June, the risk of Israeli business' closing stood at 5.7 percent, compared to 5.72% in May and 5.81% from June of last year. Roughly 12.3% of businesses in Israel were at a particularly high risk of closure, down from 12.4% in May and 13.85% in June 2006, while the proportion of those at above average risk fell to 15.6% from 15.8% in May. Meanwhile, those companies at medium risk rose to 64% from 63.9% in May. BDI noted in its report that no individual business sector on the whole stood at high risk, and pointed out that companies in the chemical sector stood at the lowest risk of closure.

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