Business failures - France 2018Nov

In October 2018, the number of corporate bankruptcies decreased by 1.4% year-on-year
  • At the end of October 2018, the aggregate number of corporate bankruptcies over the last 12 months amounted to 53,980 down 1.4% compared to October 2017 (see tables A and B and charts 1 and 2).
  • The aggregate number of bankruptcies over the past 3 months increases by 6.1% compared to the same aggregate 3 months ago.
Over the past 12 months, corporate bankruptcies decreased in most business sectors
  • The agriculture, information and communication, construction, and whole sale and retail trade sectors recorded the strongest decreases in bankruptcies over the past 12 months ( -5.2%, -4.2%, -3.4%, and -3.4% respectively). Bankruptcies also decreased substantially in other sectors, particularly in the industry sector ( 3.2%).
  • However, over the same period, corporate bankruptcies increased in some sectors, in particular in the transportation and storage sector (+12.0%) and in the advisory and business support activities (+5.8%).
In October 2018, the evolution of bankruptcies varied according to firm sizes
  • Bankruptcies decreased for SMEs as a whole (-1.4%), despite an increase for Very small firms (+1.1%). They increased also for Intermediate-sized enterprises (ISEs) and Large firms (+3 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 October, 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 1.2% at the end of November 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)
Oct-2017 Oct-2018 Oct. 18/Oct. 17 Nov. 18 prov. Nov. 18/Nov. 17 Oct. 2018 Aug. 18 Sep. 18 Oct. 2018
Business sector
Agriculture, forestry and fishing (AZ) 1,512 1,433 -5.2% 1,376 -9.4% 5.9% 125 126 120
Industry (BE) 3,958 3,831 -3.2% 3,816 -2.5% 16.8% 329 336 407
Construction (FZ) 12,244 11,833 -3.4% 11,811 -2.5% 5.3% 1,067 1,062 1,015
Wholesale and retail trade; repair of motor vehicles and motorcycles (g) 12,040 11,634 -3.4% 11,577 -3.5% 2.4% 999 988 1,010
Transportation and storage (H) 1,789 2,003 12.0% 2,044 15.5% 1.0% 161 184 172
Accommodation and food service activities (I) 7,268 7,305 0.5% 7,243 -0.4% 6.6% 634 720 621
Information and communication (JZ) 1,372 1,314 -4.2% 1,318 -3.6% -7.5% 110 102 104
Financial and insurance activities (KZ) 1,078 1,043 -3.2% 1,054 -0.6% -7.2% 89 86 91
Real estate activities (LZ) 1,780 1,729 -2.9% 1,693 -2.5% 4.9% 144 141 140
Advisory & Business support activities (MN) 5,766 6,101 5.8% 6,125 6.7% 29.0% 817 496 505
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,458 5,326 -2.4% 5,247 -3.4% 3.3% 453 501 429
All firms (d) 54,769 53,980 -1.4% 53,736 -1.2% 6.1% 4,919 4,757 4,628
Source: Banque de France - database: Fiben. Data available at end-December 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)
Oct. 17 Oct. 18 Oct. 18/Oct. 17 Nov. 18 prov. Nov. 18/Nov. 17 Oct. 18 Aug. 18 Sep. 18 Oct. 18
Size
SME, among them 54,728 53,936 -1.4% 53,697 -1.2% 6.0% 4,917 4,757 4,619
Micro-enterprises and unknown firm's size 51,447 50,660 -1.5% 50,417 -1.3% 6.4% 4,648 4,475 4,354
Very small firms 2,037 2,060 1.1% 2,040 -0.4% 3.1% 165 179 171
Small firms 944 917 -2.9% 931 -1.3% 3.4% 76 78 82
Medium-size firms 300 299 -0.3% 309 9.6% 6.3% 26 24 25
ISE - Large Firms 41 44 7.3% 39 -13.3%
All firms 54,769 53,980 -1.4% 53,736 -1.2% 6.1% 4,919 4,757 4,628
Source: Banque de France - database: Fiben. Data available at end-December 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 October 2018

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

(in %)
Source: Banque de France, Companies Directorate, Data available at end-December 2018
More information on: methodology, time series, calendar
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STAT INFO - November 2018
Corporate bankruptcies in France
Contact: GPS.support@banque-france.fr

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Business failures - France
  • Published on 01/14/2019
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Published on Monday, January 14, 2019