Business failures - France 2022Jul

At the end of July, the number of corporate bankruptcies remains one third below its level before Covid


  • In July, the number of corporate bankruptcies remains just above 3,000, in line with the previous months of this year (see Figure 3).

  • The number of corporate bankruptcies over one year (between August 2021 and July 2022) is 34,653. This is 32.2 % lower than the cumulative number of bankruptcies recorded during the year 2019, before the COVID-19 crisis (see Figure 1, as well as Tables A and B).

  • Corporate bankruptcies remain at a lower level than before the COVID-19 crisis, but are progressively increasing with respect to 2021. However, interpreting these variations calls for caution, since during that period the number of corporate bankruptcies was particularly low, due to the temporary closure of commercial courts, the adoption of regulations temporarily granting additional time to both assess and report insolvency, and, later, the cash support measures to avoid the occurrence of insolvency.
To find out more: data on business start-ups are reported by the French National Institute of Statistics and Economic Studies (INSEE): Business births 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) (raw data)
2019 June 21 June 22 June 22/June 21 June 22/2019 July 22 prov. July 22/July 21 July 22/2019
Business sector
Agriculture, forestry and fishing (AZ) 1,414 1,102 1,083 -1.7% -23.4% 1,062 -1.8% -24.9%
Industry (BE) 3,434 1,868 2,319 24.1% -32.5% 2,408 30.2% -29.9%
Construction (FZ) 11,089 5,898 6,938 17.6% -37.4% 7,211 24.4% -35.0%
Wholesale and retail trade; repair of motor vehicles and motorcycles (G) 11,135 6,148 7,349 19.5% -34.0% 7,643 27.9% -31.4%
Transportation and storage (H) 2,097 1,146 1,472 28.4% -29.8% 1,514 32.6% -27.8%
Accommodation and food service activities (I) 6,840 3,258 3,859 18.4% -43.6% 4,083 34.4% -40.3%
Information and communication (JZ) 1,277 860 1,011 17.6% -20.8% 1,044 23.1% -18.2%
Financial and insurance activities (KZ) 1,088 676 768 13.6% -29.4% 800 22.3% -26.5%
Real estate activities (LZ) 1,631 1,314 1,183 -10.0% -27.5% 1,199 -6.5% -26.5%
Advisory & Business support activities (MN) 5,813 3,757 4,219 12.3% -27.4% 4,309 17.0% -25.9%
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,140 2,819 3,243 15.0% -36.9% 3,304 21.8% -35.7%
All firms (b) 51,145 28,924 33,516 15.9% -34.5% 34,653 23.1% -32.2%
Source: Banque de France - database: Fiben. Data available in early August 2022: final for June, provisional for July.
Calculation : Banque de France - Companies Directorate - Companies Observatory
a Aggregate number of corporate bankruptcies over the previous 12 months compared to the same aggregate one year before and in 2019 (January to December 2019).
b 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) (raw data)
2019 June 21 June 22 June 22/June 21 June 22/2019 July 22 prov. July 22/July 21 July 22/2019
Size
SME, among them 51,121 28,885 33,494 16.0% -34.5% 34,630 23.2% -32.3%
Micro-enterprises and unknown firm's size 48,799 27,280 31,359 15.0% -35.7% 32,394 22.2% -33.6%
Very small firms 1,447 980 1,346 37.3% -7.0% 1,409 44.4% -2.6%
Small firms 625 448 587 31.0% -6.1% 607 36.4% -2.9%
Medium-size firms 250 177 202 14.1% -19.2% 220 31.0% -12.0%
ISE - Large Firms 24 39 22 -43.6% -8.3% 23 -39.5% -4.2%
All firms 51,145 28,924 33,516 15.9% -34.5% 34,653 23.1% -32.2%
Source: Banque de France - database: Fiben. Data available in early August 2022: final for June, provisional for July.
Calculation : Banque de France - Companies Directorate - Companies Observatory.
a Aggregate number of corporate bankruptcies over the previous 12 months compared to the same aggregate one year before and in 2019 (January to December 2019).
C - Changes in corporate bankruptcies
1 - Number of bankruptcies
Cumulated over previous 12 months
From Dec. 1991 to June 2022 (+ July 2022 provisional)
2 - Change in number of bankruptcies
Annual year-on-year change
From Dec. 1991 to June 2022 (+ July 2022 provisional)
(in %)
3 - Monthly number of bankruptcies
From Jan. 2019 to June 2022 (+ July 2022 provisional)
4 - Loan amounts of bankrupt non-financial firms over loan amount of all firms - by firm size
Cumulated over previous 12 months
From Dec. 2006 to June 2022 (+ July 2022 provisional)
(in %)
Source: Banque de France - database: Fiben. Data available in early August 2022: final for June, provisional for July.
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
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Corporate bankruptcies
STAT INFO - July 2022
Contact: GPS.support@banque-france.fr

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Business failures - France
  • Published on 08/10/2022
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Published on Wednesday, August 10, 2022