8 October 2015 Mercantile Companies Statistics (MC) August 2015. Provisional data 5,184 mercantile companies are created in August, 1.4% more than in the same month of 2014, and 1,187 are dissolved, 5.5% more The Autonomous Communities with the greatest business dynamism1 are Aragón (31.7%), Extremadura (25.0%) and CastillaLa Mancha (18.7%) 5,184 mercantile companies were created in August, that is, 1.4% more than in the same month of 2014. The capital subscribed for their constitution exceeded 299 million euros, representing an increase of 12.9%. The average capital subscribed (57,797 euros) increased 11.3% in its annual rate. On the other hand, 2,115 mercantile companies increased their capital in August, 7.0% more than in the same month of 2014. The capital subscribed in the increases registered an increase of 72.5% and exceeded 1,774 million euros. The average capital subscribed in these transactions (838,999 euros) increased 61.2% in its annual rate. The number of companies dissolved in August was 1,187, that is, 5.5% more than in the same month of 2014. Among these, 71.1% did so voluntarily, 8.2% due to mergers and the remaining 20.7 % for other reasons. Mercantile companies created, increasing their capital and dissolved. August 2015 Total Mercantile companies created Num ber Capital subscribed (thousands of euros) Average capital subscribed (euros) Mercantile companies increasing their capital Num ber Capital subscribed (thousands of euros) Average capital subscribed (euros) Mercantile companies dissolved Num ber - Voluntary - Merger - Other % Variation Monthly Annual Annual accumulated 5,184 299,622 57,797 -35.8 -40.7 -7.6 1.4 12.9 11.3 0.0 1.2 1.2 2,115 1,774,483 838,999 -15.7 -43.3 -32.7 7.0 72.5 61.2 -1.9 -29.2 -27.8 1,187 844 97 246 -17.1 -10.2 -18.5 -34.0 5.5 9.2 -17.8 5.1 -6.2 -2.2 -4.7 -17.9 1 Business dynamism: Performance of the number of mercantile companies, as the annual variation rate of the incorporation of mercantile companies. MC – AUGUST 2015 (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 July and August in the last five years. In 2015, the monthly variation of the number of companies created was ‒35.8% and that of the companies dissolved was ‒17.1%. Performance of the monthly rate of mercantile companies created and dissolved (variation of August over July of the same year) 10 0 -10 -20 -10.8 -18.0 -30 -17.1 -21.1 -19.7 -29.6 -40 -28.3 -29.8 -35.8 -35.8 2011 2012 2013 Created 2014 2015 Dissolved Results by main economic activity 21.2% of the mercantile companies created in the month of August corresponded to Trade and 16.9% to Construction. Regarding the dissolved companies, 20.5% corresponded to Trade and 19.7% to Construction. % mercantile companies created by main economic activity. August 2015 Comercio Construction & property develop. Real state, financ & insurance actv Profes, scientific & technical actv. Accommodation and catering Other services Industry and energy Information and communications Agriculture and fishing Adm. and support service actv. Transport and storage 21.2 16.9 11.4 10.4 9.6 9.0 6.5 4.8 3.6 3.6 3.0 % mercantile companies dissolved by main economic activity. August 2015 Trade Construction & property develop. Profes, scientific & technical actv. Industry and energy Other services Real state, financ & insurance actv Adm. and support service actv. Accommodation and catering Information and communications Transport and storage Agriculture and fishing 20.5 19.7 12.5 11.6 9.0 8.0 5.8 4.6 3.9 3.0 1.4 MC – AUGUST 2015 (2/ 7) The activity with the greatest net balance of mercantile companies created in August 2015 was Trade, with 851 new companies. On the contrary, Administrative and support service activities registered the lowest net balance, with 119 companies created. Net balance of mercantile companies created by main economic activity August 2015 Trade Construction & property develop. Real state, financ & insurance actv Accommodation and catering Profes, scientific & technical actv. Other services Information and communications Industry and energy Agriculture and fishing Transport and storage Adm. and support service actv. 851 642 489 445 392 361 205 198 172 123 119 The economic activity with the greatest capital subscribed of the mercantile companies created was Real estate, financial and insurance activities, with 157.07 million euros. In turn, Administrative and support service activities presented the lowest capital subscribed, with 1.84 million euros. Capital subscribed of mercantile companies created by main economic activity (thousands of euros). August 2015 Real state, financ & insurance actv Construction & property develop. Agriculture and fishing Profes, scientific & technical actv. Industry and energy Trade Accommodation and catering Transport and storage Other services Information and communications Adm. and support service actv. 157.073 50.519 23,073 20,685 15,799 13,348 4,919 4,641 4,248 3,479 1,838 MC – AUGUST 2015 (3/ 7) Results by Autonomous Communities The Autonomous Communities with the greatest number of mercantile companies created in August were Cataluña (1,154), Comunidad de Madrid (945), and Andalucía (838). Conversely, the Autonomous Communities where less mercantile companies were created were La Rioja (32), Comunidad Foral de Navarra (41), and Cantabria (42). Regarding the dissolved mercantile companies, the Autonomous Communities that presented the highest number of dissolutions were Comunidad de Madrid (306), Andalucía (172) and Cataluña (153). In turn, those with the lowest number of dissolutions were Comunidad Foral de Navarra (3) and Región de Murcia (5). Mercantile companies created and dissolved by Autonomous Communities. August 2015 Created Number 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 5,184 838 137 74 174 249 42 126 178 1,154 611 80 212 945 110 41 173 32 Dissolved % Annual variation Number 1.4 4.5 31.7 -15.9 4.2 2.0 -19.2 -29.6 18.7 9.0 1.5 25.0 -19.1 2.6 -25.2 -4.7 -4.9 3.2 1,187 172 67 25 41 50 10 57 20 153 99 13 70 306 5 3 81 15 % Annual variation 5.5 -2.3 26.4 -3.8 0.0 -2.0 42.9 3.6 -4.8 25.4 -13.2 0.0 -13.6 14.2 -82.8 -25.0 55.8 87.5 MC – AUGUST 2015 (4/ 7) In terms of annual variation of the number of mercantile companies created, Aragón (31.7%), Extremadura (25.0%) and Castilla-La Mancha (18.7%) recorded the highest rates. In turn, Castilla y León (–29.6%), Región de Murcia (–25.2%) and Cantabria (–19.2%) registered the greatest decreases. Regarding the mercantile companies dissolved, La Rioja (87.5%), País Vasco (55.8%) and Cantabria (42.9%) were the Autonomous Communities to register the highest positive rates. In turn, the Autonomous Communities registering the lowest annual rates were Región de Murcia (–82.8%), Comunidad Foral de Navarra (–25.0%) and Galicia (–13.6%). Annual variation in mercantile companies created by Autonomous Communities. August 2015 Aragón Annual variation in mercantile companies dissolved by Autonomous Communities. August 2015 31.7 Extremadura 25.0 Castilla - La Mancha 18.7 Cataluña 9.0 Rioja, La 87.5 País Vasco 55.8 Cantabria 42.9 Aragón 26.4 25.4 Andalucía 4.5 Cataluña Balears, Illes 4.2 Madrid, Comunidad de Rioja, La 3.2 TOTAL 5.5 Madrid, Comunidad de 2.6 Castilla y León 3.6 Canarias 2.0 Extremadura 0.0 Comunitat Valenciana 1.5 Balears, Illes 0.0 TOTAL 1.4 Canarias -2.0 14.2 Navarra, Comunidad Foral de -4.7 Andalucía -2.3 País Vasco -4.9 Asturias, Principado de -3.8 Castilla - La Mancha -4.8 Asturias, Principado de -15.9 Galicia -19.1 Comunitat Valenciana -13.2 Cantabria -19.2 Galicia -13.6 Murcia, Región de Castilla y León -25.2 -29.6 Navarra, Comunidad Foral de -25.0 Murcia, Región de -82.8 MC – AUGUST 2015 (5/ 7) Mercantile Companies Statistics August 2015. 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 5,184 299,622 298,572 37 24,806 23,756 5,147 274,816 274,816 Andalucía Aragón Asturias, Principado de Balears, Illes Canarias 838 137 74 174 249 42 126 178 1,154 611 80 212 945 110 41 173 32 7 1 31,210 2,939 1,828 4,154 4,090 262 4,229 2,353 87,613 53,802 8,927 15,636 48,146 6,705 778 24,203 2,617 125 3 31,165 2,939 1,828 4,154 4,090 262 4,229 2,353 87,448 53,802 8,927 15,591 48,101 6,705 778 23,453 2,617 125 3 2 0 0 0 1 1 1 0 10 2 0 1 16 1 0 2 0 0 0 120 0 0 0 60 60 100 0 1,032 163 0 60 22,091 60 0 1,060 0 0 0 75 0 0 0 60 60 100 0 867 163 0 15 22,046 60 0 310 0 0 0 836 137 74 174 248 41 125 178 1,144 609 80 211 929 109 41 171 32 7 1 31,090 2,939 1,828 4,154 4,030 202 4,129 2,353 86,581 53,639 8,927 15,576 26,055 6,645 778 23,143 2,617 125 3 31,090 2,939 1,828 4,154 4,030 202 4,129 2,353 86,581 53,639 8,927 15,576 26,055 6,645 778 23,143 2,617 125 3 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 2,115 1,774,483 152 582,150 1,963 1,192,333 1,187 844 97 246 252 52 27 68 83 10 61 62 553 213 34 80 432 65 28 79 14 1 1 126,432 31,089 2,747 63,257 27,704 8,387 11,526 14,663 445,448 73,434 7,598 99,547 669,498 20,296 7,606 162,144 2,919 174 11 10 6 4 6 6 2 3 4 39 14 0 1 46 1 2 8 0 0 0 29,898 20,016 924 1,538 8,284 1,762 5,763 7,020 91,103 6,485 0 74,068 291,685 269 711 42,624 0 0 0 242 46 23 62 77 8 58 58 514 199 34 79 386 64 26 71 14 1 1 96,534 11,073 1,823 61,719 19,421 6,625 5,762 7,643 354,345 66,950 7,598 25,479 377,813 20,027 6,895 119,520 2,919 174 11 172 67 25 41 50 10 57 20 153 99 13 70 306 5 3 81 15 0 0 141 43 14 34 36 10 43 12 75 67 7 50 240 3 1 57 11 0 0 8 4 6 5 6 0 6 1 8 6 0 3 35 1 0 8 0 0 0 23 20 5 2 8 0 8 7 70 26 6 17 31 1 2 16 4 0 0 * The general total includes collective societies and partnership companies MC - AUGUST 2015 (6/7) August 2015. 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 19 2 0 0 0 0 0 2 0 5 1 0 0 7 0 0 2 0 0 0 13,092 4,716 0 0 0 0 0 5,280 0 663 150 0 0 1,533 0 0 750 0 0 0 Reduce capital Number Subscribed capital 485 45 19 4 15 20 2 16 12 128 37 10 17 105 6 13 31 4 1 0 1,823,804 17,361 112,520 759 10,020 34,749 801 1,624 2,669 586,121 83,590 5,361 290,599 604,400 1,478 6,661 63,695 798 600 0 MC. 4 Mercantile companies created by type of company Capital in thousands of euros Total Number 2014 2015 August September October November December January February March April May June July August 5,133 6,660 8,021 7,383 7,525 8,258 8,737 9,937 8,328 8,094 8,277 8,106 5,203 Mercantile companies Capital 265,857 386,380 666,408 1,208,279 1,423,772 587,649 587,819 620,783 340,836 456,853 386,570 505,926 300,204 Number 5,111 6,627 7,980 7,352 7,490 8,229 8,712 9,903 8,285 8,063 8,254 8,074 5,184 For further information see INEbase – www.ine.es/en/ Capital 265,323 384,808 666,043 1,208,176 1,423,578 586,652 587,473 619,373 330,589 454,762 386,413 505,119 299,622 Public limited labour companies Number Capital 2 0 2 0 1 0 0 0 0 2 1 0 0 360 0 141 0 66 0 0 0 0 1,800 66 0 0 Special companies and other agencies Number Capital 19 30 35 28 29 29 25 34 43 29 22 32 19 168 1,571 206 103 125 997 346 1,410 10,247 290 91 807 581 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 - AUGUST 2015 (7/7)