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Business failures 2018Feb

Published on 04/10/2018
In January 2018, the aggregated number of corporate bankruptcies decreased by 6.5%
  • At the end of January, the aggregated number of corporate bankruptcies over the last 12 months amounted to 54,028 down 6.5 % compared to January 2017 (see tables A and B and charts 1 and 2).
Corporate bankruptcies decreased in most business sectors
  • At the end of January, two sectors, construction and real estate activities, recorded the strongest decrease in bankruptcies over the past 12 months ( 11.2% and -15.9%). The aggregated number of bankruptcies also decreased in other sectors, particularly in advisory and business support activities (-8.2 %), in accommodation and food services (-5.5 %), as well as in wholesale and retail trade and repair of motor vehicles (-5.3%).
  • However, corporate bankruptcies increased in agriculture, forestry and fishing (+2.2 %) and in transport and storage (+3.4%).
In January 2018, SME bankruptcies decreased
Although increasing for small firms (+0.6 %), bankruptcies overall decreased for SMEs (-6.6 %). By contrast, the number of bankruptcies increased for the ISE & large firms (+15 bankruptcies over 12 months, see table B).


The outstanding loan amount of firms filing for bankruptcy over the past 12 months accounts for 0.4% of the total outstanding loan amount reported to the Banque de France's Central Credit Register (see charts 3 and 4).

At the end of February 2018, according to provisional data, the aggregated number of corporate bankruptcies decreased by 6.4 % (see tables A and B and charts 1 and 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)
Jan.17 Jan.18 Jan.18/Jan.17 Feb.18 prov. Feb.18/Feb.17 Jan.18 Nov.17 Dec.17 Jan.18
Business sector
Agriculture, forestry and fishing (AZ) 1,454 1,486 2.2% 1,466 0.3% 3.1% 124 144 81
Industry (BE) 4,029 3,843 -4.6% 3,797 -6.0% -8.9% 279 323 290
Construction (FZ) 13,560 12,036 -11.2% 11,896 -11.0% -6.0% 919 1,059 944
Wholesale and retail trade; repair of motor vehicles (g) 12,505 11,837 -5.3% 11,750 -5.2% -3.5% 920 1,066 862
Transportation and storage (H) 1,771 1,832 3.4% 1,857 5.9% 3.9% 144 182 147
Accommodation and food service activities (I) 7,669 7,248 -5.5% 7,143 -6.4% -4.6% 608 620 536
Information and communication (JZ) 1,405 1,361 -3.1% 1,376 1.1% -5.5% 104 143 83
Financial and insurance activities (KZ) 1,133 1,037 -8.5% 1,030 -7.0% -12.4% 87 77 73
Real estate activities (LZ) 2,078 1,748 -15.9% 1,756 -14.0% -4.2% 136 156 135
Advisory & Business support activities (MN) 6,260 5,745 -8.2% 5,737 -7.1% 3.0% 471 534 462
Education, human health and social work services, Arts, entertainment and recreation, Other service activities (P to S) 5,518 5,362 -2.8% 5,306 -3.4% -5.6% 408 460 390
All firms (d) 57,810 54,028 -6.5% 53,594 -6.4% -3.4% 4,188 4,870 3,991
Source: Banque de France - database: Fiben. Data available at end-March 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

The methodology is available in French at:
https://www.banque-france.fr/statistiques/acces-aux-series/methodologies
All series published by the Banque de France are available at :
Webstat Banque de France
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)
Jan.17 Jan.18 Jan.18/Jan.17 Fev.18 prov. Feb.18/Feb.17 Jan.18 Nov.17 Dec.17 Jan.18
Size
SME, among them 57,780 53,983 -6.6% 53,545 -6.4% -3.4% 4,185 4,866 3,989
Micro-enterprises and unknown firm's size 54,734 51,200 -6.5% 50,746 -6.4% -3.3% 3,978 4,621 3,800
Very small firms 1,856 1,651 -11.0% 1,667 -10.3% -11.5% 121 142 115
Small firms 850 855 0.6% 853 2.0% -8.9% 65 63 64
Medium-size firms 340 277 -18.5% 279 -15.2% -0.1% 20 28 22
ISE - Large Firms 30 45 50.0% 49 58.1%
All firms 57,810 54,028 -6.5% 53,594 -6.4% -3.4% 4,188 4,870 3,991
Source: Banque de France - database: Fiben. Data available at end - March 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 January 2018

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

(in %)
Source : Banque de France, Companies Directorate, Data available at end-March 2018
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STAT INFO - February 2018
Corporate bankruptcies in France
Contact: GPS.support@banque-france.fr

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Business failures - France
  • Published on 04/10/2018
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Published on Tuesday, April 10, 2018