Lower insolvency rates reflect broad trend across all sectors

Construction insolvencies fell by 19% last month according to new figures released by Experian today.

There were 235 business failures in construction in October 2010 compared to 290 in October 2009.

The improved insolvency rate was in line with a 17% drop in business insolvencies across all sectors.

There was also a drop in insolvencies among building materials firms with six firms going under last month compared to 11 in October 2010.

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