The improvement in construction’s insolvency rate was the biggest seen across all of the major industrial sectors.
A total of 210 building and construction companies became insolvent in August 2013, compared to 293 in the previous August.
The latest Business Insolvency Index from information services company Experian said that this translated to an insolvency rate of 0.12% of all companies in the sector, compared to 0.17% the previous August.
This was the tenth month in a row that construction’s insolvency rate has fallen year-on-year.
Got a story? Email news@theconstructionindex.co.uk
