12 September 2016 Mercantile Companies Statistics (MC) July 2016. Provisional data 8,205 mercantile companies were created in July, 1.7% more than in the same month of 2015, and 1,340 were dissolved, 6.6% less than in July 2015 The Autonomous Communities with the greatest business dynamism 1 are La Rioja (85.7%), Aragón and Cantabria (both with 33.9%) 8,205 mercantile companies were created in July, that is, 1.7% more than in the same month of 2015. The capital subscribed for their constitution exceeded 430 million euros, representing a decrease of 14.9%. The average capital subscribed (52,411 euros) decreased 16.3% in its annual rate. On the other hand, 2,227 mercantile companies increased their capital in July, 11.3% less than in the same month of 2015. The capital subscribed in the increases registered a decrease of 42.3% and exceeded 1,809 million euros. The average capital subscribed in these transactions (812,708 euros) decreased 34.9% in its annual rate. The number of companies dissolved in July was 1,340, that is, 6.6% less than in the same month of 2015. Among these, 69.6% did so voluntarily, 9.6% due to mergers and the remaining 20.8% for other reasons. Mercantile companies created, increasing their capital and dissolved. July 2016 Total Mercantile companies created Number Capital subscribed (thousands of euros) Average capital subscribed (euros) Mercantile companies increasing their capital Number Capital subscribed (thousands of euros) Average capital subscribed (euros) Mercantile companies dissolved Number - Voluntary - Merger - Other % Variation Monthly Annual Annual accumulated 8,205 430,032 52,411 -11.8 5.3 19.3 1.7 -14.9 -16.3 10.0 10.0 0.0 2,227 1,809,901 812,708 -11.8 -66.0 -61.5 -11.3 -42.3 -34.9 -3.0 0.9 4.0 1,340 932 129 279 -8.7 -10.1 -18.4 2.2 -6.6 -0.9 8.4 -25.6 2.0 5.7 41.0 -23.3 1 Business dynamism: Performance of the number of mercantile companies, as the annual variation rate of the incorporation of mercantile companies. MC – JULY 2016 (1/7) Performance of the monthly rate In order to contribute to the analysis and interpretation of the data, the following chart shows the variation in the number of mercantile companies created and dissolved between June and July in the last five years. In 2016, the monthly variation of the number of companies created was -11.8% and that of the companies dissolved was -8.7%. Performance of the monthly rate of mercantile companies created and dissolved (July 2016 variation is compared with June 2016) 20 10.6 5.8 10 9.7 5.8 0 -10 -1.9 -0.7 -2.2 -8.1 -11.8 -20 2012 2013 2014 Created 2015 -8.7 2016 Dissolved Results by main economic activity 23.8% of the mercantile companies created in the month of July corresponded to Trade and 15.6% to Construction. Regarding the dissolved companies, 20.2% corresponded to Construction and 20.1% to Trade. % mercantile companies created by main economic activity. July 2016 Trade Construction & property develop. Accommodation and catering Real state, financ & insurance actv Profes, scientific & technical actv. Other services Industry and energy Information and communications Adm. and support service actv. Transport and storage Agriculture and fishing 23.8 15.6 10.3 10.1 9.8 8.3 7.8 4.5 4.1 3.3 2.4 % mercantile companies dissolved by main economic activity. July 2016 Construction & property develop. Trade Industry and energy Profes, scientific & technical actv. Real state, financ & insurance actv Other services Adm. and support service actv. Accommodation and catering Information and communications Transport and storage Agriculture and fishing 20.2 20.1 13.0 11.1 9.0 7.6 6.9 4.7 3.7 2.9 0.8 MC – JULY 2016 (2/7) The activity with the greatest net balance of mercantile companies created in July 2016 was Trade, with 1,686 new companies. On the contrary, Agriculture and fishing registered the lowest net balance, with 190 companies created. Net balance of mercantile companies created by main economic activity July 2016 Trade Construction & property develop. Accommodation and catering Real state, financ & insurance actv Profes, scientific & technical actv. Other services Industry and energy Information and communications Adm. and support service actv. Transport and storage Agriculture and fishing 1,686 1,008 786 705 654 584 462 318 240 232 190 The economic activity with the greatest capital subscribed of the mercantile companies created was Real estate, financial and insurance activities, with 126.81 million euros. In turn, Administrative and support service activities presented the lowest capital subscribed, with 3.01 million euros. Capital subscribed of mercantile companies created by main economic activity (thousands of euros). July 2016 Real state, financ & insurance actv Profes, scientific & technical actv. Trade Information and communications Construction & property develop. Industry and energy Accommodation and catering Agriculture and fishing Transport and storage Other services Adm. and support service actv. 126.808 98.628 59,904 49,392 34,828 22,428 13,933 8,532 6,325 6,246 3,008 MC – JULY 2016 (3/7) Results by Autonomous Communities The Autonomous Communities with the greatest number of mercantile companies created in July were Cataluña (2,097), Comunidad de Madrid (1,440), and Andalucía (1,388). Conversely, the Autonomous Communities where less mercantile companies were created were Comunidad Foral de Navarra (43), La Rioja (65) and Cantabria (79). Regarding the dissolved mercantile companies, the Autonomous Communities that presented the highest number of dissolutions were Comunidad de Madrid (327), Andalucía (239) and Cataluña (149). In turn, those with the lowest number of dissolutions were Comunidad Foral de Navarra (5), Cantabria (11) and La Rioja (13). Mercantile companies created and dissolved by Autonomous Communities. July 2016 Created Dissolved Number % Annual variation Number % Annual variation TOTAL 8,205 1.7 1,340 -6.6 Andalucía 1,388 2.2 239 40.6 Aragón 225 33.9 36 -33.3 Asturias, Principado de 110 15.8 17 -19.0 Balears, Illes 286 17.2 65 38.3 Canarias 273 -13.3 41 -26.8 Cantabria 79 33.9 11 -15.4 Castilla y León 252 9.1 75 1.4 Castilla - La Mancha 228 1.3 25 -19.4 Cataluña 2,097 23.1 149 -15.3 Comunitat Valenciana 832 -6.2 105 -22.2 Extremadura 94 28.8 16 -36.0 Galicia 358 7.2 85 -6.6 Madrid, Comunidad de 1,440 -18.6 327 -11.1 Murcia, Región de 199 -18.1 26 18.2 Navarra, Comunidad Foral de 43 19.4 5 -50.0 País Vasco 226 -19.0 104 -20.0 Rioja, La 65 85.7 13 18.2 MC – JULY 2016 (4/7) In terms of annual variation of the number of mercantile companies created, La Rioja (85.7%), Aragón and Cantabria (both with 33.9%) recorded the highest rates. In turn, País Vasco (–19.0%), Comunidad de Madrid (–18.6%) and Región de Murcia (18.1%) registered the greatest decreases. Regarding the mercantile companies dissolved, Andalucía (40.6%), Illes Balears (38.3%), La Rioja and Región de Murcia (both with 18.2%) were the Autonomous Communities that registered the highest positive rates. In turn, the Autonomous Communities registering the lowest annual rates were Comunidad Foral de Navarra (–50.0%), Extremadura (–36.0%) and Aragón (–33.3%). Annual variation in mercantile companies dissolved by Autonomous Communities. July 2016 Annual variation in mercantile companies created by Autonomous Communities. July 2016 Rioja, La 85.7 Andalucía 40,6 38.3 Aragón 33.9 Balears, Illes Cantabria 33.9 Rioja, La 18.2 Extremadura 28.8 Murcia, Región de 18.2 Cataluña 23.1 Castilla y León Navarra, Comunidad Foral de 19.4 TOTAL -6.6 Balears, Illes 17.2 Galicia -6.6 Asturias, Principado de 15.8 Madrid, Comunidad de 1.4 -11.1 Castilla y León 9.1 Cataluña -15.3 Galicia 7.2 Cantabria -15.4 Andalucía 2.2 Asturias, Principado de -19.0 TOTAL 1.7 Castilla - La Mancha -19.4 Castilla - La Mancha 1.3 País Vasco -20.0 Comunitat Valenciana -22.2 Comunitat Valenciana -6.2 Canarias -13.3 Canarias Murcia, Región de -18.1 Aragón -33.3 Madrid, Comunidad de -18.6 Extremadura -36.0 País Vasco -19.0 Navarra, Comunidad Foral de -26.8 -50.0 MC – JULY 2016 (5/7) Mercantile Companies Statistics July 2016. Provisional data MC. 1 Mercantile companies created Capital in thousands of euros General total* Number Capital Subscribed Disbursed Public limited company Number Capital Subscribed Disbursed Private limited company Number Capital Subscribed Disbursed TOTAL 8,205 430,032 425,535 35 14,623 10,125 8,137 415,120 415,120 Andalucía Aragón Asturias, Principado de Balears, Illes Canarias 1,388 225 110 286 273 79 252 228 2,097 832 94 358 1,440 199 43 226 65 2 8 51,084 3,870 3,432 24,238 3,803 415 35,534 3,363 64,359 75,615 2,222 9,818 140,617 5,198 1,892 3,407 1,125 13 24 49,509 3,870 3,432 24,238 3,803 415 35,534 3,363 63,669 74,865 2,222 9,818 139,135 5,198 1,892 3,407 1,125 13 24 2 2 0 0 0 0 0 0 12 2 0 0 15 2 0 0 0 0 0 2,230 60 0 0 0 0 0 0 2,140 1,100 0 0 7,732 1,360 0 0 0 0 0 655 60 0 0 0 0 0 0 1,450 350 0 0 6,250 1,360 0 0 0 0 0 1,386 221 110 286 273 72 252 228 2,062 830 93 358 1,425 197 43 226 65 2 8 48,854 3,804 3,432 24,238 3,803 394 35,534 3,363 61,960 74,515 2,219 9,818 132,885 3,838 1,892 3,407 1,125 13 24 48,854 3,804 3,432 24,238 3,803 394 35,534 3,363 61,960 74,515 2,219 9,818 132,885 3,838 1,892 3,407 1,125 13 24 Cantabria Castilla y León Castilla - La Mancha Cataluña Comunitat Valenciana Extremadura Galicia Madrid, Comunidad de Murcia, Región de Navarra, Comunidad Foral de País Vasco Rioja, La Ceuta Melilla MC. 2 Mercantile companies that increase capital and are dissolved Capital in thousands of euros Increase capital General total* Number Capital TOTAL Andalucía Aragón Asturias, Principado de Balears, Illes Canarias Cantabria Castilla y León Castilla - La Mancha Cataluña Comunitat Valenciana Extremadura Galicia Madrid, Comunidad de Murcia, Región de Navarra, Comunidad Foral de País Vasco Rioja, La Ceuta Melilla Public limited companies Number Capital Private limited companies Number Capital Dissolved Total Voluntary Number Number Merged Number Other Number 2,227 1,809,901 128 462,966 2,099 1,346,935 1,340 932 129 279 298 43 23 65 71 11 62 74 539 220 49 72 523 65 20 82 9 0 1 196,821 14,121 5,531 77,231 19,119 2,693 18,806 43,294 296,834 99,223 10,646 154,267 659,165 34,237 4,173 171,206 2,457 0 75 9 1 3 3 4 1 3 4 38 7 1 1 37 4 2 8 1 0 1 72,879 180 3,758 1,600 499 60 446 2,147 66,473 3,172 181 40,000 128,110 8,842 1,486 132,098 960 0 75 289 42 20 62 67 10 59 70 501 213 48 71 486 61 18 74 8 0 0 123,942 13,941 1,773 75,631 18,619 2,633 18,360 41,147 230,361 96,051 10,465 114,267 531,055 25,394 2,687 39,109 1,497 0 0 239 36 17 65 41 11 75 25 149 105 16 85 327 26 5 104 13 1 0 188 27 11 41 33 8 50 16 69 59 15 63 262 7 0 71 11 1 0 19 1 1 4 1 1 8 2 8 14 0 5 39 4 0 20 2 0 0 32 8 5 20 7 2 17 7 72 32 1 17 26 15 5 13 0 0 0 * The general total includes collective societies and partnership companies MC - JULY 2016 (6/7) July 2016. Provisional data MC. 3 Mercantile companies that disburse installment payments on subscribed shares and companies that reduce capital Capital in thousands of euros Disburs. of install. paym. on sub. shares Number Disbursed capital TOTAL Andalucía Aragón Asturias, Principado de Balears, Illes Canarias Cantabria Castilla y León Castilla - La Mancha Cataluña Comunitat Valenciana Extremadura Galicia Madrid, Comunidad de Murcia, Región de Navarra, Comunidad Foral de País Vasco Rioja, La Ceuta Melilla 21 3 1 0 0 0 0 0 1 3 2 0 2 7 0 1 1 0 0 0 5,947 1,887 27 0 0 0 0 0 300 545 76 0 281 1,293 0 68 1,470 0 0 0 Reduce capital Number Subscribed capital 440 42 9 9 12 13 1 19 13 85 41 5 21 117 13 2 32 5 1 0 1,161,312 44,134 1,447 1,095 9,549 13,505 60 1,563 2,420 319,459 34,404 439 19,700 382,346 10,661 47 316,491 3,902 90 0 MC. 4 Mercantile companies created by type of company Capital in thousands of euros Total Number 2015 2016 July August September October November December January February March April May June July 8,102 5,206 6,468 7,472 7,985 8,109 9,485 10,489 9,914 9,598 8,926 9,460 8,442 Mercantile companies Capital 505,929 300,942 219,876 597,180 2,325,829 444,678 550,491 470,658 1,176,367 402,490 384,136 409,438 431,651 Number 8,069 5,187 6,445 7,444 7,952 8,083 9,443 10,399 9,835 9,512 8,812 9,300 8,205 For further information see INEbase – www.ine.es/en/ Capital 505,122 300,361 219,818 595,724 2,325,163 444,110 549,988 469,590 1,175,482 401,831 382,815 408,541 430,032 Public limited labour companies Number Capital 0 0 0 1 3 1 0 0 0 0 0 1 1 0 0 0 1,240 217 99 0 0 0 0 0 3 140 Special companies and other agencies Number Capital 32 19 22 27 30 23 42 90 79 86 114 159 236 807 581 57 216 450 466 503 1,068 885 659 1,321 894 1,479 All press releases at: www.ine.es/en/prensa/prensa_en.htm Press Office: Telephone numbers: 91 583 93 63 / 94 08 – Fax: 91 583 90 87 – [email protected] Information Area: Telephone number: 91 583 91 00 – Fax: 91 583 91 58 – www.ine.es/infoine/?L=1 MC - JULY 2016 (7/7)