Business failures - France 2018Jul

In June 2018, the number of corporate bankruptcies decreased by 5.8% year-on-year
  • At the end of June 2018, the aggregate number of corporate bankruptcies over the last 12 months amounted to 52,559 down 5.8% compared to June 2017 (see tables A and B and charts 1 and 2).
Corporate bankruptcies decreased in most business sectors
  • The agriculture, real estate activities and industry sectors recorded the strongest decreases in bankruptcies over the past 12 months ( 12.2%, -8.6% and -8.1%, respectively). Bankruptcies also decreased substantially in other sectors, particularly in construction (-7.7%).
  • However, corporate bankruptcies increased in the transportation and storage sector (+4.9%).
In April 2018, SME bankruptcies decreased
  • Bankruptcies overall decreased for SMEs (-5.9%). By contrast, bankruptcies increased for Intermediate-sized enterprises (ISEs) and large firms (+10 bankruptcies over 12 months, see table B).
The outstanding loan amount of firms filing for bankruptcy over the past 12 months accounts, at the end of June, for nearly 0.35% of the total outstanding loan amount reported to the Banque de France's Central Credit Register.
The aggregate number of corporate bankruptcies decreased by 5.9% at the end of July 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)
June 17 June 18 June 18/June 17 July 18 prov. July 18/July 17 June 18 Apr. 18 May 18 June 18
Business sector
Agriculture, forestry and fishing (AZ) 1,549 1,360 -12.2% 1,309 -16.2% -4.7% 113 115 78
Industry (BE) 4,049 3,721 -8.1% 3,691 -7.6% -4.4% 295 303 304
Construction (FZ) 12,588 11,620 -7.7% 11,625 -6.9% 7.0% 975 964 976
Wholesale and retail trade; repair of motor vehicles (g) 12,185 11,516 -5.5% 11,475 -5.8% 4.5% 946 998 947
Transportation and storage (H) 1,791 1,879 4.9% 1,931 8.0% 3.7% 172 156 166
Accommodation and food service activities (I) 7,360 7,137 -3.0% 7,125 -2.7% 8.3% 589 630 612
Information and communication (JZ) 1,369 1,335 -2.5% 1,343 -2.2% 12.7% 112 114 114
Financial and insurance activities (KZ) 1,085 1,036 -4.5% 1,045 -4.0% 28.7% 105 100 88
Real estate activities (LZ) 1,882 1,721 -8.6% 1,691 -9.2% -11.0% 146 141 112
Advisory & Business support activities (MN) 5,948 5,628 -5.4% 5,583 -5.8% -0.9% 479 449 440
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,530 5,156 -6.8% 5,079 -7.9% 0.4% 451 414 414
All firms (d) 55,822 52,559 -5.8% 52,347 -5.9% 3.3% 4,430 4,400 4,327
Source: Banque de France - database: Fiben. Data available at end-August 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)
June 17 June 18 June 18/June 17 July 18 prov. July 18/July 17 June 18 April 18 May 18 June 18
Size
SME, among them 55,785 52,512 -5.9% 52,301 -5.9% 3.3% 4,425 4,398 4,325
Micro-enterprises and unknown firm's size 52,589 49,540 -5.8% 49,331 -5.8% 3.7% 4,173 4,146 4,102
Very small firms 1,967 1,842 -6.4% 1,835 -6.5% -4.8% 142 153 149
Small firms 919 843 -8.3% 848 -7.5% -11.4% 73 74 46
Medium-size firms 310 287 -7.4% 287 -6.5% -1.8% 28 24 19
ISE - Large Firms 37 47 27.0% 46 15.0%
All firms 55,822 52,559 -5.8% 52,347 -5.9% 3.3% 4,430 4,400 4,327
Source: Banque de France - database: Fiben. Data available at end-August 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 Dec. 1991 to June 2018
2 - Change in bankruptcies
Year-on-year change in the 12-month aggregate
From Dec. 1991 to June 2018 (+ July 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 June 2018 (+ July 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 June 2018 (+ July 2018 provisional)
(in %)
Source: Banque de France, Companies Directorate, Data available at end-August 2018
More information on: methodology, time series, calendar
All the series published by the Banque de France are available at the following address
Webstat Banque de France
Publication available for
Apple and Android
STAT INFO - July 2018
Corporate bankruptcies in France
Contact: GPS.support@banque-france.fr

Download the PDF version of this document

Business failures - France
  • Published on 09/12/2018
  • EN
  • PDF (671.63 KB)
Download (EN)

Published on Wednesday, September 12, 2018