Business failures - France 2019Jun

In May 2019, the number of corporate bankruptcies increased by 2,6% year-on-year
  • At the end of May 2019, the aggregate number of corporate bankruptcies over the last 12 months amounted to 54,070, up by 2.6% compared to May 2018 (see tables A and B and charts 1 and 2).
  • The aggregate number of bankruptcies over the past 3 months decreased compared to the same aggregate 3 months ago (-5.5%).
Over the past 12 months, the evolution of corporate bankruptcies varies across sectors
  • The transportation sector, the advisory and business support activities, and the financial and insurance activities recorded the strongest increases in bankruptcies (+14.3%, +12.6% and +6.9% respectively, compared to May 2018). Bankruptcies also increased substantially in other sectors, particularly in the education, human health and other services sector (+5.2%), the accommodation and food service activities (+3.2%) and in the industry (+2.2%).
  • However, over the same period, corporate bankruptcies decreased in some sectors, in particular in the real estate (-5.6%), information and communication (-4.5%), agriculture (-1.1%) and wholesale and retail trade ( 0.8%) sectors..
In May 2019, bankruptcies increased essentially for SMEs
  • Bankruptcies increased for SMEs as a whole (+2.6%), despite a decrease for Very small firms (-2.8%). They decreased for Intermediate-sized enterprises (ISEs) and Large firms ( 12 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 May, for around 0.3% of the total outstanding loan amount reported to the Banque de France's Central Credit Register.

The aggregate number of corporate bankruptcies increased by 1.4% at the end of June 2019 compared to June 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)
May- 2018 May- 2019 May- 2019/May- 2018 June-2019 prov. June-2019/June-2018 May- 2019 March- 2019 Apr-2019 May- 2019
Business sector
Agriculture, forestry and fishing (AZ) 1,437 1,421 -1.1% 1,411 0.3% -10.2% 114 103 122
Industry (BE) 3,731 3,813 2.2% 3,740 0.5% -16.1% 280 295 265
Construction (FZ) 11,622 11,701 0.7% 11,580 -0.6% -4.0% 915 969 859
Wholesale and retail trade; repair of motor vehicles and motorcycles (g) 11,563 11,469 -0.8% 11,365 -1.4% -6.2% 904 934 881
Transportation and storage (H) 1,871 2,139 14.3% 2,121 12.5% -1.8% 175 186 174
Accommodation and food service activities (I) 7,061 7,285 3.2% 7,206 1.3% -9.0% 582 599 518
Information and communication (JZ) 1,334 1,274 -4.5% 1,258 -5.9% -5.1% 99 104 99
Financial and insurance activities (KZ) 1,033 1,104 6.9% 1,086 5.0% -6.6% 92 84 91
Real estate activities (LZ) 1,738 1,641 -5.6% 1,656 -4.2% -3.3% 140 143 131
Advisory & Business support activities (MN) 5,641 6,350 12.6% 6,309 11.8% 2.8% 548 515 482
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,202 5,472 5.2% 5,351 2.0% -10.0% 444 412 448
All firms (d) 52,707 54,070 2.6% 53,465 1.4% -5.5% 4,345 4,385 4,100
Source: Banque de France - database: Fiben. Data available at end-May 2019
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 data) Quarter to quarter sa/wda (bc) Monthly data sa / wda (c)
May- 2018 May- 2019 May- 2019/May- 2018 June-2019 prov. June-2019/June-2018 May- 2019 March- 19 Apr-2019 May- 2019
Size
SME, among them 52,659 54,034 2.6% 53,429 1.4% -5.6% 4,340 4,382 4,099
Micro-enterprises and unknown firm's size 49,743 51,126 2.8% 50,558 1.5% -5.6% 4,110 4,152 3,867
Very small firms 1,764 1,715 -2.8% 1,680 -5.0% -5.6% 138 130 129
Small firms 863 880 2.0% 888 5.7% -8.8% 78 64 70
Medium-size firms 289 313 8.3% 303 4.1% -2.2% 14 38 31
ISE - Large Firms 48 36 -25.0% 36 -23.4%
All firms 52,707 54,070 2.6% 53,465 1.4% -5.5% 4,345 4,385 4,100
Source: Banque de France - database: Fiben. Data available at end- May 2019
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 May 2019

2 - Change in bankruptcies
Year-on-year change in the 12-month aggregate
From Dec. 1991 to May 2019 (+ June 2019 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 May 2019 (+ June 2019 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 May 2019 (+ June 2019 provisional)
(in %)
Source: Banque de France, Companies Directorate, Data available at end-July 2019

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
Corporate bankruptcies
STAT INFO - June 2019
Contact: GPS.support@banque-france.fr

Download the PDF version of this document

Business failures - France
  • Published on 08/09/2019
  • EN
  • PDF (747.53 KB)
Download (EN)

Published on Friday, August 9, 2019