The number of bamkruptcies in August set a new record at 606 compared with the prvious record in May which was at 567, according to Statistics Denmark.

Danske Bank Senior Economist Christian Hillingsøe Heinig says that the figures show that Danish businesses are still plagued by difficult market conditions.

“The Danish economy has been improving for about a year, but we are still about 4.5 percent from the good period before the economic crisis swept the legs out from under the Danish economy,” Hillingsøe Heinig says in a written comment on the figures.

Nykredit’s Chief Analyst Jakob Legård Jakobsen says he expects the bankruptcy figures to remain high for the rest of 2010.

“But the increasing growth next year compared to this year can slow the tendency a bit. We don’t think, however, that there will be a drastic drop (in bankruptcy figures) in 2011 compared to 2010,” Legård Jakobsen says.

The Confederation of Danish Industry DI says that market conditions are improving and companies are progressing somewhat.

“But it will take some time before this affects the bankruptcy figures. The companies that are in the statistics now, really bled to death some months ago,” DI Consultant Kristoffer Markwardt writes.