Business failures - France 2017Nov

Published on 01/15/2018

At the end of October 2017, the aggregated number of corporate bankruptcies over the last 12 months decreased by 7.4 %

At the end of October, the aggregated number of corporate bankruptcies over the last 12 months amounted to 54,818 down 7.4 % compared to October 2016.
Two sectors, construction and real estate activities, recorded the strongest decrease in bankruptcies over the past 12 months ( 13.5 % and -15.1 %). The aggregated number of bankruptcies also decreased in other sectors, particularly in accommodation and food services (-8.1 %) and in advisory and business support activities (-8.8 %).
Otherwise, the increase in Corporate bankruptcies slows down in agriculture, forestry and fishing (+4.2 % at the end of October versus 7,8 % at the end of September) and in transport and storage (+2.4 % versus +4,5 %). This improvement is confirmed by provisional figures provides at the end of November (respectively +2,1 % and -1,2 %).
Although increasing for small enterprises (+4,7 %) Bankruptcies decreased for SMEs (-7.4 %). On the other hand, they are increasing for the ISE & large firms (+16 bankruptcies over 12 months).
The outstanding loan amounts of firms filing for bankruptcy over the past 12 months accounts for 0.4% of the total outstanding loan amounts reported to the Banque de France's Central Credit Register.

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