452 large companies have now declared bankruptcy year-to-dat...

452 large companies have now declared bankruptcy year-to-date, the 2nd highest number in 14 years.

This is only below the 466 bankruptcies recorded in 2020 when economic activity was halted by lockdowns.

In August alone, 63 firms have gone bankrupt, up from 49 in July, marking the 4th worst month in 4 years.

By sector, the greatest number of bankruptcies have occurred in the consumer discretionary sector, at 69, followed by 53 in industrials and 45 in healthcare.

For the first time since the pandemic, the economy seems to be slowing down.