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Business failures 2018Aug

Published on 10/11/2018
In July 2018, the number of corporate bankruptcies decreased by 4.7% year-on-year
  • At the end of July 2018, the aggregate number of corporate bankruptcies over the last 12 months amounted to 53,000 down 4.7% compared to July 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 ( 10.6%, -6.8% and -6.6%, respectively). Bankruptcies also decreased substantially in other sectors, particularly in construction (-6.4%).
  • However, corporate bankruptcies increased in the transportation and storage sector (+8.7%).
In July 2018, SME bankruptcies decreased
  • Bankruptcies overall decreased for SMEs (-4.7%). By contrast, bankruptcies increased for Intermediate-sized enterprises (ISEs) and large firms (+6 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 July, 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 4.3% at the end of August 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)
July 17 July 18 July 18/July 17 Aug. 18 prov. Aug. 18/Aug. 17 July 18 May 18 June 18 July 18
Business sector
Agriculture, forestry and fishing (AZ) 1,563 1,398 -10.6% 1,403 -10.1% -4.2% 121 102 116
Industry (BE) 3,994 3,729 -6.6% 3,718 -7.0% -2.2% 306 314 299
Construction (FZ) 12,492 11,688 -6.4% 11,693 -6.2% 7.7% 978 1,004 996
Wholesale and retail trade; repair of motor vehicles and motorcycles (g) 12,180 11,556 -5.1% 11,520 -5.7% 2.2% 1,007 972 943
Transportation and storage (H) 1,787 1,943 8.7% 1,939 7.7% 2.0% 157 169 185
Accommodation and food service activities (I) 7,318 7,164 -2.1% 7,171 -2.1% 6.0% 635 625 587
Information and communication (JZ) 1,373 1,351 -1.6% 1,342 -2.6% 4.5% 115 116 114
Financial and insurance activities (KZ) 1,088 1,051 -3.4% 1,053 -2.3% 12.6% 101 90 96
Real estate activities (LZ) 1,858 1,732 -6.8% 1,725 -6.3% -13.7% 148 129 125
Advisory & Business support activities (MN) 5,927 5,674 -4.3% 5,992 0.7% -0.7% 463 471 465
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,511 5,262 -4.5% 5,254 -5.0% -0.2% 424 470 432
All firms (d) 55,594 53,000 -4.7% 53,257 -4.3% 2.5% 4,469 4,545 4,428
Source: Banque de France - database: Fiben. Data available at end-September 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)
July 17 July 18 July 18/July 17 Aug. 18 prov. Aug. 18/Aug. 17 July 18 May 18 June 18 July 18
Size
SME, among them 55,554 52,954 -4.7% 53,215 -4.3% 2.6% 4,468 4,543 4,425
Micro-enterprises and unknown firm's size 52,367 49,930 -4.7% 50,213 -4.1% 2.9% 4,212 4,305 4,160
Very small firms 1,962 1,864 -5.0% 1,843 -7.3% -1.2% 154 157 159
Small firms 917 871 -5.0% 869 -5.6% -6.3% 76 47 80
Medium-size firms 308 289 -6.2% 290 -4.6% -12.6% 24 22 21
ISE - Large Firms 40 46 15.0% 42 -6.7%
All firms 55,594 53,000 -4.7% 53,257 -4.3% 2.5% 4,469 4,545 4,428
Source: Banque de France - database: Fiben. Data available at end-September 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 July 2018
2 - Change in bankruptcies
Year-on-year change in the 12-month aggregate
From Dec. 1991 to July 2018 (+ August 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 July 2018 (+ August 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-September 2018
More information on: methodology, time series, calendar
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STAT INFO - August 2018
Corporate bankruptcies in France
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Business failures - France
  • Published on 10/11/2018
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Published on Thursday, October 11, 2018