10 June 2016 Mercantile Companies Statistics (MC) April 2016. Provisional data 9,512 mercantile companies were created in April, 14.8% more than in the same month of 2015, and 1,533 were dissolved, 6.5% more than in April 2015 The Autonomous Communities with the greatest business dynamism 1 are La Rioja (50.0%), Principado de Asturias (43.2%) and Aragón (37.5%) 9,512 mercantile companies were created in April, that is, 14.8% more than in the same month of 2015. The capital subscribed for their constitution exceeded 401 million euros, representing an increase of 21.5%. The average capital subscribed (42,245 euros) increased 5.9% in its annual rate. On the other hand, 2,679 mercantile companies increased their capital in April, 7.9% more than in the same month of 2015. The capital subscribed in the increases registered a decrease of 1.9% and exceeded 2,806 million euros. The average capital subscribed in these transactions (1,047,552 euros) decreased 91.1% in its annual rate. The number of companies dissolved in April was 1,533, that is, 6.5% more than in the same month of 2015. Among these, 71.5% did so voluntarily, 8.3% due to mergers and the remaining 20.2% for other reasons. Mercantile companies created, increasing their capital and dissolved. April 2016 % Variation Monthly 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 Annual Annual accumulated 9,512 401,831 42,245 -3.3 -65.8 -64.7 14.8 21.5 5.9 11.5 22.3 9.6 2,679 2,806,391 1,047,552 -3.9 50.0 56.0 7.9 -1.9 -9.1 -4.0 4.1 8.4 1,533 1,095 128 310 -13.4 -11.8 -35.4 -6.6 6.5 13.1 9.4 -12.4 4.1 6.3 49.4 -22.5 1 Business dynamism: Performance of the number of mercantile companies, as the annual variation rate of the incorporation of mercantile companies. MC – APRIL 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 March and April in the last five years. In 2016, the monthly variation of the number of companies created was -3.3% and that of the companies dissolved was -13.4%. Performance of the monthly rate of mercantile companies created and dissolved (April 2016 variation is compared with March 2016) 20 7.2 10 7.8 0 -10 -3.3 -11.5 -20 -30 -40 -16.5 -21.6 -22.2 -13.4 -19.4 -32.1 2012 2013 2014 Created 2015 2016 Dissolved Results by main economic activity 22.2% of the mercantile companies created in the month of April corresponded to Trade and 16.0% to Construction. Regarding the dissolved companies, 20.3% corresponded to Trade and 19.5% to Construction. % mercantile companies created by main economic activity. April 2016 Trade Construction & property develop. Accommodation and catering Profes, scientific & technical actv. Real state, financ & insurance actv Other services Industry and energy Information and communications Adm. and support service actv. Transport and storage Agriculture and fishing 22.2 16.0 11.2 10.1 9.3 8.6 8.0 4.4 4.2 3.2 2.8 % mercantile companies dissolved by main economic activity. April 2016 Trade Construction & property develop. Profes, scientific & technical actv. Industry and energy Real state, financ & insurance actv Other services Adm. and support service actv. Accommodation and catering Information and communications Transport and storage Agriculture and fishing 20.3 19.5 11.3 10.8 10.3 9.2 6.6 4.9 3.7 2.4 1.0 MC – APRIL 2016 (2/7) The activity with the greatest net balance of mercantile companies created in April 2016 was Trade, with 1,806 new companies. On the contrary, Agriculture and fishing registered the lowest net balance, with 252 companies created. Net balance of mercantile companies created by main economic activity April 2016 Trade Construction & property develop. Accommodation and catering Profes, scientific & technical actv. Real state, financ & insurance actv Other services Industry and energy Information and communications Adm. and support service actv. Transport and storage Agriculture and fishing 1,806 1,225 988 783 724 682 593 362 297 267 252 The economic activity with the greatest capital subscribed of the mercantile companies created was Real estate, financial and insurance activities, with 127.90 million euros. In turn, Other services presented the lowest capital subscribed, with 7.32 million euros. Capital subscribed of mercantile companies created by main economic activity (thousands of euros). April 2016 Real state, financ & insurance actv Construction & property develop. Agriculture and fishing Trade Industry and energy Accommodation and catering Profes, scientific & technical actv. Information and communications Transport and storage Adm. and support service actv. Other services 127.899 87.205 51,357 32,628 25,781 25,707 17,117 10,265 9,236 7,319 7,317 MC – APRIL 2016 (3/7) Results by Autonomous Communities The Autonomous Communities with the greatest number of mercantile companies created in April were Comunidad de Madrid (1,906), Cataluña (1,888), and Andalucía (1,564). Conversely, the Autonomous Communities where less mercantile companies were created were La Rioja (48), Comunidad Foral de Navarra (87), and Cantabria (92). Regarding the dissolved mercantile companies, the Autonomous Communities that presented the highest number of dissolutions were Comunidad de Madrid (387), Andalucía (233) and Cataluña (165). In turn, those with the lowest number of dissolutions were La Rioja (8), Región de Murcia (10), Comunidad Foral de Navarra and Cantabria (both with 19). Mercantile companies created and dissolved by Autonomous Communities. April 2016 Created Dissolved Number % Annual variation Number % Annual variation TOTAL 9,512 14.8 1,533 6.5 Andalucía 1,564 24.9 233 1.3 Aragón 231 37.5 41 -10.9 Asturias, Principado de 159 43.2 40 8.1 Balears, Illes 410 31.8 46 9.5 Canarias 364 35.3 70 16.7 Cantabria 92 37.3 19 72.7 Castilla y León 299 15.0 76 26.7 Castilla - La Mancha 327 34.6 28 -17.6 Cataluña 1,888 12.6 165 23.1 Comunitat Valenciana 1,032 1.5 157 51.0 Extremadura 107 20.2 28 -15.2 Galicia 408 14.6 97 -15.7 Madrid, Comunidad de 1,906 5.5 387 -5.6 Murcia, Región de 259 5.7 10 -41.2 Navarra, Comunidad Foral de 87 16.0 19 137.5 País Vasco 310 9.5 107 33.8 Rioja, La 48 50.0 8 -50.0 MC – APRIL 2016 (4/7) In terms of annual variation of the number of mercantile companies created, La Rioja (50.0%), Principado de Asturias (43.2%) and Aragón (37.5%) recorded the highest rates. In turn, Comunitat Valenciana (1.5%), Comunidad de Madrid (5.5%) and Región de Murcia (5.7%) registered the greatest decreases. Regarding the mercantile companies dissolved, Comunidad Foral de Navarra (137.5%), Cantabria (72.7%) and Comunitat Valenciana (51.0%) were the Autonomous Communities that registered the highest positive rates. In turn, the Autonomous Communities registering the lowest annual rates were La Rioja (– 50.0%), Región de Murcia (–41.2%) and Castilla–La Mancha (–17.6%). Annual variation in mercantile companies created by Autonomous Communities. April 2016 Rioja, La 50.0 Asturias, Principado de 43.2 Annual variation in mercantile companies dissolved by Autonomous Communities. April 2016 Navarra, Comunidad Foral de 137.5 Cantabria 72.7 Aragón 37.5 Comunitat Valenciana Cantabria 37.3 País Vasco 33.8 Canarias 35.3 Castilla y León 26.7 Castilla - La Mancha 34.6 Cataluña 23.1 Canarias 16.7 Balears, Illes 31.8 Andalucía 24.9 Extremadura 20.2 51.0 Balears, Illes 9.5 Asturias, Principado de 8.1 Navarra, Comunidad Foral de 16.0 TOTAL 6.5 Castilla y León 15.0 Andalucía 1.3 TOTAL 14.8 Madrid, Comunidad de -5.6 Galicia 14.6 Aragón -10.9 Cataluña 12.6 Extremadura -15.2 Galicia -15.7 -17.6 País Vasco 9.5 Murcia, Región de 5.7 Castilla - La Mancha Madrid, Comunidad de 5.5 Murcia, Región de -41.2 Rioja, La -50.0 Comunitat Valenciana 1.5 MC – APRIL 2016 (5/7) Mercantile Companies Statistics April 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 9,512 401,831 400,976 31 15,126 14,271 9,453 386,002 386,002 Andalucía Aragón Asturias, Principado de Balears, Illes Canarias 1,564 231 159 410 364 92 299 327 1,888 1,032 107 408 1,906 259 87 310 48 8 13 79,374 7,075 13,309 12,761 4,004 776 7,460 5,847 73,703 16,154 3,302 8,723 126,241 21,844 2,809 17,723 559 55 111 79,329 7,075 13,309 12,761 3,959 776 7,460 5,847 73,658 16,154 3,302 8,723 125,521 21,844 2,809 17,723 559 55 111 1 0 0 2 4 0 1 0 2 2 0 0 16 1 0 1 1 0 0 60 0 0 120 240 0 1,023 0 360 120 0 0 13,045 60 0 0 98 0 0 15 0 0 120 195 0 1,023 0 315 120 0 0 12,325 60 0 0 98 0 0 1,563 231 159 408 360 88 298 327 1,862 1,030 107 408 1,890 258 87 309 47 8 13 79,314 7,075 13,309 12,641 3,764 699 6,437 5,847 72,718 16,034 3,302 8,723 113,195 21,784 2,809 17,723 461 55 111 79,314 7,075 13,309 12,641 3,764 699 6,437 5,847 72,718 16,034 3,302 8,723 113,195 21,784 2,809 17,723 461 55 111 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 2,679 2,806,391 150 1,059,489 2,528 1,746,899 1,533 1,095 128 310 390 61 39 87 59 14 92 84 672 202 46 116 578 72 35 114 17 1 0 475,341 46,308 7,804 52,115 40,538 3,232 38,898 65,505 513,054 68,360 11,849 24,361 1,215,896 17,923 52,276 168,252 2,412 2,269 0 13 6 1 7 4 2 2 4 42 2 3 4 44 1 7 7 1 0 0 162,298 1,721 545 20,584 5,791 1,238 382 1,429 60,954 611 3,890 3,752 701,594 225 29,128 65,046 300 0 0 377 55 38 80 55 12 90 80 629 200 43 112 534 71 28 107 16 1 0 313,042 44,587 7,259 31,530 34,747 1,995 38,516 64,075 452,097 67,750 7,960 20,610 514,302 17,698 23,148 103,206 2,112 2,269 0 233 41 40 46 70 19 76 28 165 157 28 97 387 10 19 107 8 2 0 176 35 27 35 60 15 58 15 100 84 21 74 300 4 1 83 6 1 0 9 0 0 3 1 0 8 1 16 25 0 3 46 0 8 7 0 1 0 48 6 13 8 9 4 10 12 49 48 7 20 41 6 10 17 2 0 0 * The general total includes collective societies and partnership companies MC - APRIL 2016 (6/7) April 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 24 2 3 1 1 1 0 0 0 3 2 0 0 8 0 1 2 0 0 0 11,137 80 1,288 30 36 1,224 0 0 0 3,475 68 0 0 374 0 2,000 2,562 0 0 0 Reduce capital Number Subscribed capital 481 48 21 6 14 14 5 13 10 102 38 7 30 108 17 11 34 2 1 0 520,633 14,369 4,178 1,171 6,759 4,878 112 2,340 31,605 106,269 25,533 1,147 7,434 174,642 1,537 2,801 123,346 689 11,823 0 MC. 4 Mercantile companies created by type of company Capital in thousands of euros Total Number 2015 April May June July August September October November December 2016 January February March April 8,327 8,094 8,277 8,106 5,203 6,466 7,460 7,980 8,091 9,485 10,489 9,914 9,598 Mercantile companies Capital 340,848 456,853 386,570 505,926 300,204 219,780 594,122 2,325,797 443,756 550,491 470,658 1,176,367 402,490 Number 8,284 8,063 8,254 8,074 5,184 6,444 7,432 7,947 8,067 9,443 10,399 9,835 9,512 For further information see INEbase – www.ine.es/en/ Capital 330,601 454,762 386,413 505,119 299,622 219,723 592,666 2,325,131 443,192 549,988 469,590 1,175,482 401,831 Public limited labour companies Number Capital 0 2 1 0 0 0 1 3 1 0 0 0 0 0 1,800 66 0 0 0 1,240 217 99 0 0 0 0 Special companies and other agencies Number Capital 43 29 22 32 19 22 27 30 23 42 90 79 86 10,247 290 91 807 581 57 216 450 466 503 1,068 885 659 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 – gprensa@ine.es Information Area: Telephone number: 91 583 91 00 – Fax: 91 583 91 58 – www.ine.es/infoine/?L=1 MC - APRIL 2016 (7/7)