Business failures - France 2018Apr

In March 2018, the number of corporate bankruptcies decreased by 7.1%
  • At the end of March 2018, the aggregated number of corporate bankruptcies over the last 12 months amounted to 53,095 down 7.1% compared to March 2017 (see tables A and B and charts 1 and 2).
Corporate bankruptcies decreased in most business sectors
  • The construction and real estate activities sectors recorded the strongest decrease in bankruptcies over the past 12 months (-11.5% and -13.1%, respectively). Bankruptcies also decreased substantially in other sectors, particularly in wholesale and retail trade (-6.7%), advisory and business support activities (-6.6%) and accommodation and food activities (-6.4%).
  • However, corporate bankruptcies increased in the transportation and storage sector (+4.4%).
In March 2018, SME bankruptcies decreased
  • Bankruptcies overall decreased for SMEs (-7.1%). By contrast, bankruptcies increased for Intermediate-sized enterprises (ISEs) & large firms (+17 bankruptcies over 12 months, see table B).
The outstanding loan amount of firms filing for bankruptcy over the past 12 months accounts for nearly 0.4% of the total outstanding loan amount reported to the Banque de France's Central Credit Register.

The aggregated number of corporate bankruptcies decreased by 6.3% at the end of April 2018, according to provisional data (see tables A and B and chart 2).
To find out more: data on business start-ups are reported by the French National Institute of Statistics and Economic Studies (INSEE): Business start-ups on the INSEE's website
A - Corporate bankruptcies by sector
Bankruptcies in number of legal units, year on year change (%)
Aggregate over the last 12 months (a) (gross data) Quater to quater sa/wda (bc) Monthly data sa / wda (c)
Mar-2017 Mar-2018 Mar. 18/Mar. 17 Apr. 18 prov. Apr. 18/Apr.17 Mar-2018 Jan- 2018 Feb- 2018 Mar-2018
Business sector
Agriculture, forestry and fishing (AZ) 1,506 1,453 -3.5% 1,442 -3.9% -17.6% 90 121 106
Industry (BE) 4,104 3,810 -7.2% 3,786 -7.0% -0.1% 298 309 328
Construction (FZ) 13,199 11,694 -11.4% 11,708 -9.7% -9.0% 945 925 850
Wholesale and retail trade; repair of motor vehicles (g) 12,444 11,631 -6.5% 11,634 -5.2% -6.6% 867 950 945
Transportation and storage (H) 1,773 1,854 4.6% 1,880 5.8% 1.7% 149 170 157
Accommodation and food service activities (I) 7,600 7,114 -6.4% 7,113 -5.1% -9.2% 543 550 589
Information and communication (JZ) 1,375 1,353 -1.6% 1,341 -2.9% -16.1% 84 108 109
Financial and insurance activities (KZ) 1,111 1,006 -9.5% 1,031 -5.7% -13.6% 74 78 71
Real estate activities (LZ) 2,019 1,759 -12.9% 1,775 -7.6% 1.4% 137 156 153
Advisory & Business support activities (MN) 6,144 5,703 -7.2% 5,703 -6.1% -6.8% 465 469 438
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,518 5,309 -3.8% 5,321 -2.9% -4.4% 403 429 430
All firms (d) 57,236 53,167 -7.1% 53,212 -5.8% -6.5% 4,064 4,298 4,257
Source: Banque de France - database: Fiben. Data available at end-May 2018
Calculation : Banque de France - Companies Directorate - Companies Observatory
a Aggregate number of corporate bankruptcies over the past 12 months compared to the same aggregate one year ago
b Aggregate number of corporate bankruptcies over the past 3 months compared to the same aggregate three months ago
c sa : seasonally adjusted - wda : working day adjusted
d The line « All firms » includes legal units whose business sector is not known
B - Corporate bankruptcies by firm size
Bankruptcies in number of legal units, year on year change (%)
Aggregate over the last 12 months (a) (gross datat) Quarter to quarter sa/wda (bc) Monthly data sa / wda (c)
Mar-2017 Mar-2018 Mar. 18 / Mar. 17 Apr. 18 prov. Apr. 18/Apr. 17 Mar-2018 Jan- 2018 Feb- 2018 Mar-2018
Size
SME, among them 57,204 53,118 -7.1% 53,159 -5.8% -6.5% 4,062 4,292 4,254
Micro-enterprises and unknown firm's size 54,209 50,319 -7.2% 50,377 -5.8% -6.8% 3,867 4,030 4,025
Very small firms 1,822 1,664 -8.7% 1,640 -9.6% 1.5% 118 177 129
Small firms 848 849 0.1% 848 1.0% 1.1% 66 69 70
Medium-size firms 325 286 -12.0% 294 -7.0% -5.4% 23 24 23
ISE - Large Firms 32 49 53.1% 53 60.6%
All firms 57,236 53,167 -7.1% 53,212 -5.8% -6.5% 4,064 4,298 4,257
Source: Banque de France - database: Fiben. Data available at end - May 2018
Calculation : Banque de France - Companies Directorate - Companies Observatory
a Aggregate number of corporate bankruptcies over the past 12 months compared to the same aggregate one year ago
b Aggregate number of corporate bankruptcies over the past 3 months compared to the same aggregate three months ago
c sa : seasonally adjusted - wda : working day adjusted
C - Changes in corporate bankruptcies
1 - Number of bankruptcies
Aggregate number of bankruptcies over the past 12 months
From December 1991 to March 2018

2 - Change in bankruptcies
Year-on-year change in the 12-month aggregate
From Dec. 1991 to March 2018 (+ April 2018 provisional)

(in %)
3 - Loan amounts of bankrupt non-financial firms over loan amount of all firms Aggregate over the past 12 months
From Dec. 2006 to March 2018 (+ April 2018 provisional)


(in %)
4 - Loan amounts of bankrupt non-financial firms over loan amount of all firms - broken down by firm size
Aggregate over the past 12 months
From Dec. 2006 to March 2018 (+ April 2018 provisional)

(in %)
Source : Banque de France, Companies Directorate, Data available at end-May 2018
More information on: methodology, time series, calendar
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STAT INFO - April 2018
Corporate bankruptcies in France
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Business failures - France
  • Published on 06/15/2018
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Published on Friday, June 15, 2018