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Business creations increase by 5% and dissolutions decrease by 6.2%, until August

The monitoring of commercial registers carried out by Iberinform revealed that the incorporations of new companies until August increased by 5%, with a total of 81,403 companies registered, while dissolutions decreased by 6.2%, which explains a decrease of 18,459.

Iberinform data reflect that New companies are concentrated in Madrid (22% of the total), Catalonia (20%), Andalusia (17%) and the Valencian Community (13%)..

At the same time by sector of activity, The creation of commercial companies is concentrated in construction and real estate (26% of the total), followed by trade (18%), business services (15%) and hospitality (12%)..

The growth that stands out the most this year is in the electronics and ICT sectors (77% more new companies compared to the same period in 2023), metallurgy (71%), the automotive industry (66%) and the extractive industry (66%).

It should be noted that until the eighth month, the data reflect a decrease of 6.2% in company dissolutions. The destruction of the economic fabric is concentrated in Madrid (27% of the total), Andalusia (15%), the Valencian Community (11%) and Catalonia (8%).

Distinguishing the sectors of activity, dissolutions are concentrated in construction and real estate (25% of the total), followed by trade (20%) and business services (16%). And their intensity decreases in the areas of manufacturing industry (7.6%), hospitality (7.1%) and the primary sector (1.7%).

The most intense growth in dissolutions is recorded in the sectors of the food industry (23% more business closures than between January and August 2023), the chemical industry (14%), accommodation (14%) and the extractive industry (10%).

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Katy Sprout
Katy Sprout
I am a professional writer specializing in creating compelling and informative blog content.
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