In October, the number of bankruptcies in Sweden reached a record high of 821, compared to the monthly average of 576 over the past ten years.

This increase can be attributed to the crisis at Northvolt AB, a Swedish battery manufacturer, and its impact on the country's economy. The company's financial troubles, particularly related to its expansion project in Skelleftea, have had a significant effect on several large companies, leading to a surge in bankruptcies and highlighting the broader implications for the Swedish economy.