Job creation rate fell 2.7% in October

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Number of new commercial companies 2.7% drop Total in October compared to the same month of 2021 7.149 Business, According to data released this Thursday by the National Institute of Statistics (INE).

With the decline in October, start-up returns to negative rates after September. It experienced a one-year increase of 3.3%.

For the founding of 7,149 companies created in October, around €192.2 million was committed, which is 5.8% less than in the same month of 2021, while the average committed capital of €26,883 fell by 3.2% compared to the previous year. -year.

At the same time, the establishment of companies fell, in October liquidation of companies, 8.8% compared to the same month last year, the total reached 1,919, which means that 62 companies stopped their operations in Spain every day in October.

In the first ten months of the year, 3% fewer companies were created and 9.1% more companies disappeared than in the same period in 2021.

Of the 1,919 companies that were closed in October, 76.1% closed voluntarily, 11.6% due to mergers with other companies and the remaining 12.3% for other reasons.

19% of commercial companies established in the tenth month of the year trade and 16.9% to real estate, finance and insurance activities. The highest rates of companies that were closed due to the main economic activity are in real estate, finance and insurance (19.5%) and trade (17.3%).

On the other hand, the number of companies operating commercially made a capital increase In October, it reached 2,045 companies, up 5%. Committed capital in these increases exceeded €1,400 million, 3.5% higher than in October 2021, while the average capital was €685,013, 1.4% less.

Madrid and Catalonia lead the establishment of companies

The communities that created the most businesses in October were: Madrid (1,655 companies), Catalonia (1.415) and AndalusiaWhere 1,244 companies were created. The regions with the fewest companies in the tenth month of the year were La Rioja (27), Cantabria (50) and Navarra (52).

Thirteen regions established fewer companies in October than in the same month of 2021. The biggest annual decreases were in Extremadura (-24.1%), Navarra (-20%), Murcia (-18%) and Castilla-La Mancha (-16.9%). ), annual increases were driven by the Basque Country (23.4%), Catalonia (+5%), Andalusia (+3.5%) and Valencian Community (+1.7%).

When considering dissolved business companies, communities The most liquidations in October took place in Madrid (745), Andalusia (237) and Valencian Community (157). In contrast, the autonomous communities with the fewest defunct commercial companies were Navarra (9), La Rioja (14) and Cantabria (20).

Eleven communities, mainly Cantabria (+81.8%), Murcia (+80%) and Aragón (+72.2%), increased the number of business liquidations in October, while Galicia (-8%, 3%) and Asturias led reduced by four. (-7.7%) and two, Castilla-La Mancha and Catalonia, experienced no variation.

The number of company establishments increased by 4.5 percent monthly

Monthly (October to September), establishment of new companies It rose 4.5% this month, the smallest rise in at least five years.

In October, liquidations increased by 34.2% compared to September and recorded their lowest increase since 2020, when company liquidations fell 2.2%.

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