The number of business failures has fallen by 7.6% on the 12 months completed by the end of November, announced on Friday the Bank of France (Photo by PHILIPPE LOPEZ. AFP)
The number of business failures has fallen by 7.6% on the 12 months completed by the end of November, announced on Friday the Bank of France in a press release.
In total, 54.445 companies have been the subject of a backup procedure, have been placed in receivership or put into liquidation over this period, compared to 58.918 a year earlier.
The central bank, on the basis of data-still provisional, also provides for a reduction of failures of 6% at the end of December.
In detail, the failures combined were down 17.9% in the real estate business and 13.6% in construction. They have also strongly declined in the areas of advice and services to businesses (-9,4%) and accommodation and food service (down 7.4%).
Moreover, the increase of failures in the agriculture, forestry and fishing sector continued to slow (+3.7% at the end of November, compared with +4.2% at the end of October).
By enterprise size, failures have decreased 7.6% for all SMES, even if in this category, they were up 5.2% for small businesses.
On the corporate segment of mid-size and large companies, they have increased with 15 failures, more over one year.