Job creation rose 0.6% in March, the highest in 14 years

This number new trading companies Increased by 0.6% in March compared to the same month of 2021That’s a total of 11,071 companies, the highest number since April 2008, when more than 11,100 companies were founded, according to data released this Thursday by the National Institute of Statistics (INE).

This ascent they are chained to five month walksIt’s lower than in February, where company formation increased by 5.1% year-on-year.

Over 391 million euros were subscribed for the establishment of 11,071 companies created in March.Committed average capital fell 7.6% year-on-year to €35,369, which was 7.1% less than in the same month of 2021.

While company formation increased in March, company liquidations increased by 19.9% ​​compared to the same month of the previous year, reaching a total of 2,557. In this way, 82 companies stopped their activities in Spain every day of March.

3.2% more companies established in the first three months of the year compared to the same period in 2021a total of up to 28,503 and 13.8% more companies disappeared, and a total of 8,702 companies were dissolved.

Of the 2,557 companies that closed their doors in March, 69.3% closed voluntarily, 21.3% due to mergers with other companies and the remaining 9.4% for other reasons.

19.6% of commercial companies established in the third month of the year were devoted to trade, and 16.2% to real estate, finance and insurance activities. Regarding companies dissolved according to the main economic activity, 24.3% belonged to industry and energy, 17.5% to commerce..

The number of commercial companies that increased their capital decreased by 2.6% in March to 2,865 companies. Committed capital in these increases exceeded € 2,218 million, 50.2% lower than in March 2021, while the average capital was € 774,218, 48.9% lower.

Madrid and Catalonia lead the ranking

The communities that created the most companies in March were Madrid (2,484 companies), Catalonia (2,191) and Andalusia, where 1,921 companies were established. The regions with the fewest companies in the third month of 2022 were La Rioja (45), Navarra (72) and Cantabria (83).

Seven regions created more companies in March than in the same month of 2021, nine regions fewer and one in the Basque Country remained unchanged. The largest annual increases occurred in Asturias (+56.3%), the Balearic Islands (+30.6%) and the Canary Islands (+22.7%), with the largest decreases in La Rioja (-18.2%), It was recorded in Navarra (-14.3). %) and Castilla y Leon (-13.8%).

Looking at the commercial companies that were closed, the communities with the highest number of dissolutions in March were Madrid (1,030), Andalusia (376) and Catalonia (219). In contrast, the autonomous communities with fewer dissolved commercial companies were Navarra (6), La Rioja (13) and Extremadura (23).

Eight communities increased the number of closures in March, mainly Cantabria (+69.6%), Madrid (+68%) and Murcia (+65.6%), while nine communities, notably Castilla y León (-32 0%). 2), Navarra (25%) and La Rioja (-18.8%).

On a monthly basis (March to February), the creation of new companies increased 19.9%, the second-largest monthly increase (+25.2%) in a March in less than five years after that in March 2021.

For its part, liquidations rose 5.2% from February, marking their first increase in a March since at least 2018.

Source: Informacion

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