In full sail. This is how the economy is progressing in the state of Alicante, as can be seen from the latest figures on the establishment of companies. And since the beginning of the year, 1,730 new companies have joined the manufacturing fabric, creating at least 24,424 jobs. Services, and to a lesser extent construction, are the most pressing sectors. The only activity that has fallen slightly is agriculture, which has been attributed to the general decline in harvests.. The data confirms the continuation of the enlargement cycle that started a year and a half ago, despite the continued negative factors such as war and inflation in Ukraine.
The latest statistics provided by the Ministry of Labor and Social Economy reveal that there are a total of 61,728 companies registered with the SSI as of May 31 this year, compared to 59,998 calculated at the end of 2022. The sector that brings together the most companies is the services sector, with a total of 46,668 companies, with an increase of 1,306 in this period.. Behind this remarkable increase is the beautiful moment of tourism as the hospitality industry and hotel business pull the wheelbarrow. Next comes construction, which seems unaffected by the tensions created by the rise in mortgage prices. High foreign demand for housing leads to another 269 companies, bringing the total number to 7,045. Growth in the industrial sector has been more moderate, but not negligible given that the establishment of such a company requires more investment. Notably, the recovery came from 87 companies that left the scale at 6,025.
Although there were only two companies, the only sector that took a step back was agriculture, which remained in 1990. The generally recorded bad harvests during this recession had a huge impact, due to problems such as high temperatures, occasional droughts or untimely rains.
The development of employment, on the other hand, moved parallel to that of companies. The set of companies operating in the province currently employs 539,380 people.Compared to 514,956 at the end of 2022. Services had 404,592 employees, up 19,868, construction 37,738, up 2,027, and industry 82,696, up 2,719. The agricultural sector remained with 14,354 workers after losing 190 workers.
Paloma Taltavull, professor in the Department of Applied Economic Analysis at the University of Alicante (UA), points out that these figures confirm that the cycle of economic expansion that began a year and a half ago continues with the end of the crisis. produced by the coronavirus epidemic. In his words, “the evolution of services for good is closely linked to the moment in which tourism lives, while the rise in construction is concentrated above all in coastal areas. The behavior of the industry, in which there is no seasonal factor, is also noteworthy ». For the expert, Data highlights the “economic power” of the provincehe adds, to overcome the war and rising prices.
Bankruptcy cases decreased by 30.3 percent
Bankruptcy proceedings in Alicante province fell below 140 in the first five months of the year, down 30.3% compared to the same period last year. These are showing more resilience than in the months immediately following the pandemic crisis, where there is more volatility due to economic uncertainty. It is also seen that this decrease in bankruptcy cases is above the national average of 24%. mv