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Business failures 2018Jun

Published on 08/14/2018
In May 2018, the number of corporate bankruptcies decreased by 7.0%
  • At the end of May 2018, the aggregate number of corporate bankruptcies over the last 12 months amounted to 52,534 down 7.0% compared to May 2017 (see tables A and B and charts 1 and 2).
Corporate bankruptcies decreased in most business sectorss
  • The construction, agriculture, and real estate activities sectors recorded the strongest decreases in bankruptcies over the past 12 months (-10.0%, -9.4%, and -9.2% respectively). Bankruptcies also decreased substantially in other sectors, particularly in industry (-8.8%).
  • However, corporate bankruptcies increased in the transportation and storage sector (+4.5 %).
In May 2018, SME bankruptcies decreased
  • Bankruptcies overall decreased for SMEs (-7.0%). By contrast, bankruptcies increased for Intermediate-sized enterprises (ISEs) and large firms (+9 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 6.7% at the end of 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 17 May 18 May 18/May 17 June 18 prov. June 18/June 17 May 18 Mar. 18 Apr. 18 Mai 18
Business sector
Agriculture, forestry and fishing (AZ) 1,533 1,389 -9.4% 1,301 -15.8% -9.9% 106 112 101
Industry (BE) 4,085 3,726 -8.8% 3,690 -8.9% -1.4% 329 294 298
Construction (FZ) 12,862 11,575 -10.0% 11,561 -8.2% -6.1% 854 970 945
Wholesale and retail trade; repair of motor vehicles (g) 12,253 11,563 -5.6% 11,456 -6.0% -0.7% 947 945 984
Transportation and storage (H) 1,786 1,866 4.5% 1,869 4.4% -4.8% 158 171 153
Accommodation and food service activities (I) 7,498 7,061 -5.8% 7,092 -3.6% 3.9% 593 586 608
Information and communication (JZ) 1,379 1,337 -3.0% 1,332 -2.8% -0.7% 109 112 114
Financial and insurance activities (KZ) 1,095 1,035 -5.5% 1,029 -5.1% 18.9% 71 108 97
Real estate activities (LZ) 1,922 1,745 -9.2% 1,692 -10.1% -3.0% 154 146 139
Advisory & Business support activities (MN) 6,052 5,622 -7.1% 5,570 -6.3% -8.3% 440 476 430
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,557 5,140 -7.5% 5,017 -9.3% -3.2% 428 444 376
All firms (d) 56,470 52,534 -7.0% 52,054 -6.7% -2.6% 4,276 4,400 4,261
Source: Banque de France - database: Fiben. Data available at end-July 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)
May 17 May 18 May 18/May 17 June 18 prov. June 18/June 17 May 18 Mar. 18 Apr. 18 May 18
Size
SME, among them 56,432 52,487 -7.0% 52,008 -6.8% -2.6% 4,273 4,393 4,261
Micro-enterprises and unknown firm's size 53,226 49,472 -7.1% 49,067 -6.7% -2.5% 4,024 4,146 4,020
Very small firms 1,978 1,837 -7.1% 1,817 -6.9% -15.4% 141 137 142
Small firms 908 885 -2.5% 839 -8.7% 6.1% 75 75 77
Medium-size firms 320 293 -8.4% 285 -9.5% -1.9% 25 28 21
ISE - Large Firms 38 47 23.7% 46 24.3%
All firms 56,470 52,534 -7.0% 52,054 -6.7% -2.6% 4,276 4,400 4,261
Source: Banque de France - database: Fiben. Data available at end-July 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 May 2018

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

(in %)
Source : Banque de France, Companies Directorate, Data available at end- July 2018
More information on: methodology, time series, calendar
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STAT INFO - June 2018
Corporate bankruptcies in France
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Business failures - France
  • Published on 08/14/2018
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Published on Tuesday, August 14, 2018