Bankruptcy cases increased by 187% in October

Bankruptcy cases increased by 187% in October

Insolvency proceedings have doubled in the region in the first ten months of the year, although there was a 187% rebound in October, according to data from consultancy Axesor. Conversely, business creation fell by 13.83% between January and October, despite an 18% drop in new business creation over the last month.

On the contrary, in 2021 there was an increase in the creation of new companies, which made it possible to compensate for the closures that occurred with the pandemic.

The consultant points out that the report presented this Monday “confirms the negative impact that inflation and falling consumption are having on our business fabric”. That spells it out By October, 5,509 bankruptcies had been filed across Spaina figure 18.12% higher than in the same period last year.

Between January and October, 137 bankruptcy cases were filed in the region, representing an increase of 101.47%, the highest of any autonomous community. In the month of October, 23 bankruptcy filings were registered, an increase of 187.50%. In this case, the region comes second, followed by Asturias, which has achieved a 200% increase in the last month.

On the other hand, in the first ten months of the year 2,007 companies were founded in Murcia, 13.83% less than in 2021.

169 companies were founded in October, down 17.96%.

Across Spain, 82,844 commercial companies were incorporated, compared to 85,453 registered in the first ten months of fiscal year 2021. This represents a 3.05% decrease compared to the previous year.

Faced with the decline in the sectors related to energy supply, trade and construction, they see an upsurge in the creation of new businesses, followed by professional activities.

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