At the end of August 2017, the aggregated number of corporate bankruptcies over the last 12 months decreased by 7.2 %
- At the end of August, the aggregated number of corporate bankruptcies over the last 12 months amounted to 55,701 down 7.2% compared to August 2016.
- Two sectors, construction and real estate activities, recorded the strongest decrease in bankruptcies over the past 12 months ( 14.6 % and -12.6 %, respectively). The aggregated number of bankruptcies also decreased in other sectors, particularly in accommodation and food services (-8.2 %) and in wholesale and retail trade, repair of motor vehicles and motorcycles (-6.2 %).
- However, over the past 12 months corporate bankruptcies increased in agriculture, forestry and fishing (+12,3 %) and, to a lesser degree in transport and storage (+2.9 %).
- Bankruptcies decreased for SMEs (-7.3 %) and increased across ISE & large firms with an additional 22 bankruptcies over 12 months.
- The outstanding loan amounts of firms filing for bankruptcy over the past 12 months accounts for 0.4% of the total outstanding loan amounts reported to the Banque de France's Central Credit Register.
Download the PDF version of this
Business failures - France
Published on Monday, November 13, 2017