U.S. experienced 402 corporate bankruptcies in the first 7 months of 2023, a 96% increase from 2022’s total of 373.

August 15, 2023 9:29 am by CWR

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Bankruptcies by sector are even more concerning

Consumer discretionary leads with 48 bankruptcies, a sign that consumers are feeling the pain.

Industrials is next, at 46, another sign of pain from higher rates.

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See also Inflation falls to 2.9%, lower than expectations.‬ Consumer price growth has slowed to its lowest levels in the post-pandemic period.‬ ‪The first interest rate cuts since 2020 should come in September.‬

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