12 July 2016 Mercantile Companies Statistics (MC) May 2016. Provisional data 8,812 mercantile companies were created in May, 9.3% more than in the same month of 2015, and 1,351 were dissolved, 0.8% less than in May 2015 The Autonomous Communities with the greatest business dynamism1 are Aragón (53.9%), Cantabria (41.2%) and Castilla–La Mancha (39.6%) 8,812 mercantile companies were created in May, that is, 9.3% more than in the same month of 2015. The capital subscribed for their constitution exceeded 382 million euros, representing a decrease of 15.9%. The average capital subscribed (43,442 euros) decreased 23.0% in its annual rate. On the other hand, 2,606 mercantile companies increased their capital in May, 9.3% more than in the same month of 2015. The capital subscribed in the increases registered a decrease of 40.2% and exceeded 2,021 million euros. The average capital subscribed in these transactions (775,840 euros) decreased 45.3% in its annual rate. The number of companies dissolved in May was 1,351, that is, 0.8% less than in the same month of 2015. Among these, 70.9% did so voluntarily, 7.3% due to mergers and the remaining 21.8% for other reasons. Mercantile companies created, increasing their capital and dissolved. May 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 8,812 382,815 43,442 -7.4 -4.7 2.8 9.3 -15.9 -23.0 11.1 15.5 4.0 2,606 2,021,839 775,840 -2.7 -28.0 -25.9 9.3 -40.2 -45.3 -1.9 -5.6 -3.7 1,351 957 99 295 -11.9 -12.6 -22.7 -4.8 -0.8 4.8 30.3 -20.9 3.4 6.1 47.3 -22.2 1 Business dynamism: Performance of the number of mercantile companies, as the annual variation rate of the incorporation of mercantile companies. MC – MAY 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 April and May in the last five years. In 2016, the monthly variation of the number of companies created was -7.4% and that of the companies dissolved was -11.9%. Performance of the monthly rate of mercantile companies created and dissolved (May 2016 variation is compared with April 2016) 23.8 30 20 17.4 10 0 -0.9 -10 -2.5 -20 2012 -2.7 -6.6 -7.5 -5.4 -7.4 -11.9 2013 2014 Created 2015 2016 Dissolved Results by main economic activity 23.9% of the mercantile companies created in the month of May corresponded to Trade and 18.2% to Construction. Regarding the dissolved companies, 20.5% corresponded to Trade and 20.4% to Construction. % mercantile companies created by main economic activity. May 2016 Trade Construction & property develop. Accommodation and catering Professional, scientific and technical activities Other services Industry and energy Real estate, financial and insurance activities Information and communications Administrative and support service activities Transport and storage Agriculture and fishing 23.9 18.2 11.1 10.4 8.7 7.6 5.9 4.0 3.7 3.3 3.2 % mercantile companies dissolved by main economic activity. May 2016 Trade Construction & property develop. Industry and energy Professional, scientific and technical activities Other services Real estate, financial and insurance activities Administrative and support service activities Accommodation and catering Information and communications Transport and storage Agriculture and fishing 20.5 20.4 11.6 10.5 9.1 8.9 6.0 4.9 3.1 3.1 1.9 MC – MAY 2016 (2/7) The activity with the greatest net balance of mercantile companies created in May 2016 was Trade, with 1,829 new companies. On the contrary, Administrative and support service activities registered the lowest net balance, with 244 companies created. Net balance of mercantile companies created by main economic activity May 2016 Trade Construction & property develop. Accommodation and catering Professional, scientific and technical activities Other services Industry and energy Real estate, financial and insurance activities Information and communications Agriculture and fishing Transport and storage Administrative and support service activities 1,829 1,332 910 778 644 513 395 309 260 247 244 The economic activity with the greatest capital subscribed of the mercantile companies created was Real estate, financial and insurance activities, with 134.20 million euros. In turn, Administrative and support service activities presented the lowest capital subscribed, with 3.13 million euros. Capital subscribed of mercantile companies created by main economic activity (thousands of euros). May 2016 Real estate, financial and insurance activities Construction & property develop. Professional, scientific and technical activities Trade Industry and energy Agriculture and fishing Accommodation and catering Transport and storage Other services Information and communications Administrative and support service activities 134.196 123.369 30,313 28,688 17,603 15,605 11,012 7,465 6,627 4,812 3,125 MC – MAY 2016 (3/7) Results by Autonomous Communities The Autonomous Communities with the greatest number of mercantile companies created in May were Cataluña (1,766), Comunidad de Madrid (1,732), and Andalucía (1,418). Conversely, the Autonomous Communities where less mercantile companies were created were La Rioja (49), Cantabria (96), and Comunidad Foral de Navarra (97). Regarding the dissolved mercantile companies, the Autonomous Communities that presented the highest number of dissolutions were Comunidad de Madrid (300), Andalucía (221) and Cataluña (145). In turn, those with the lowest number of dissolutions were Comunidad Foral de Navarra (3), La Rioja (6) and Cantabria (13). Mercantile companies created and dissolved by Autonomous Communities. May 2016 Created Dissolved Number % Annual variation Number % Annual variation TOTAL 8,812 9.3 1,351 -0.8 Andalucía 1,418 4.6 221 0.9 Aragón 254 53.9 54 42.1 Asturias, Principado de 123 3.4 31 6.9 Balears, Illes 366 16.2 56 -22.2 Canarias 329 9.7 51 -8.9 Cantabria 96 41.2 13 0.0 Castilla y León 270 4.2 64 -8.6 Castilla - La Mancha 261 39.6 22 -8.3 Cataluña 1,766 3.5 145 -15.2 Comunitat Valenciana 1,102 18.4 136 16.2 Extremadura 114 22.6 23 9.5 Galicia 346 -1.1 101 12.2 Madrid, Comunidad de 1,732 9.7 300 -7.4 Murcia, Región de 215 -11.5 17 183.3 Navarra, Comunidad Foral de 97 14.1 3 -72.7 País Vasco 259 3.2 106 19.1 Rioja, La 49 16.7 6 -45.5 MC – MAY 2016 (4/7) In terms of annual variation of the number of mercantile companies created, Aragón (53.9%), Cantabria (41.2%) and Castilla–La Mancha (39.6%) recorded the highest rates. In turn, Región de Murcia (–11.5%), Galicia (–1.1%) and País Vasco (3.2%) registered the greatest decreases. Regarding the mercantile companies dissolved, Región de Murcia (183.3%), Aragón (42.1%) and País Vasco (19.1%) 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 (–72.7%), La Rioja (–45.5%) and Illes Balears (–22.2%). Annual variation in mercantile companies created by Autonomous Communities. May 2016 Aragón 53.9 Annual variation in mercantile companies dissolved by Autonomous Communities. May 2016 Murcia, Región de 183,3 Cantabria 41.2 Aragón Castilla - La Mancha 39.6 País Vasco 19.1 Comunitat Valenciana 16.2 12.2 Extremadura 22.6 42.1 Comunitat Valenciana 18.4 Galicia Rioja, La 16.7 Extremadura 9.5 Balears, Illes 16.2 Asturias, Principado de 6.9 Navarra, Comunidad Foral de 14.1 Andalucía 0.9 0.0 Madrid, Comunidad de 9.7 Cantabria Canarias 9.7 TOTAL TOTAL 9.3 Madrid, Comunidad de -7.4 -0.8 Andalucía 4.6 Castilla - La Mancha -8.3 Castilla y León 4.2 Castilla y León -8.6 Cataluña 3.5 Canarias -8.9 Asturias, Principado de 3.4 Cataluña País Vasco 3.2 Balears, Illes Galicia Murcia, Región de -1.1 -11.5 Rioja, La Navarra, Comunidad Foral de -15.2 -22.2 -45.5 -72.7 MC – MAY 2016 (5/7) Mercantile Companies Statistics May 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 8,812 382,815 380,635 33 15,311 13,131 8,755 365,951 365,951 Andalucía Aragón Asturias, Principado de Balears, Illes Canarias 1,418 254 123 366 329 96 270 261 1,766 1,102 114 346 1,732 215 97 259 49 5 10 79,244 3,896 10,229 8,068 23,392 6,841 75,553 8,665 42,898 25,379 6,749 9,160 37,766 12,672 1,192 28,176 2,672 232 32 78,719 3,896 10,229 7,798 23,392 6,841 75,553 8,665 42,853 25,334 6,749 9,160 37,471 12,672 1,192 28,176 1,672 232 32 4 1 1 2 1 0 0 0 4 3 0 3 12 1 0 0 1 0 0 2,260 30 300 360 60 0 0 0 704 218 0 245 860 8,274 0 0 2,000 0 0 1,735 30 300 90 60 0 0 0 659 173 0 245 565 8,274 0 0 1,000 0 0 1,414 253 120 364 328 85 270 261 1,752 1,099 114 342 1,720 214 97 259 48 5 10 76,984 3,866 9,887 7,708 23,332 5,708 75,553 8,665 41,871 25,161 6,749 8,860 36,905 4,398 1,192 28,176 672 232 32 76,984 3,866 9,887 7,708 23,332 5,708 75,553 8,665 41,871 25,161 6,749 8,860 36,905 4,398 1,192 28,176 672 232 32 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 2,606 2,021,839 125 156,978 2,481 1,864,862 1,351 957 99 295 361 54 43 96 56 16 93 83 593 254 49 112 529 92 39 118 16 0 2 97,428 5,872 347,986 87,217 27,289 6,472 236,054 11,048 355,257 124,422 12,509 60,042 508,117 32,973 5,817 98,307 3,750 0 1,279 6 0 3 6 5 0 3 6 33 10 2 4 32 4 1 9 1 0 0 4,080 0 159 14,708 9,598 0 16,150 3,072 67,216 3,997 396 897 23,604 10,116 40 2,824 121 0 0 355 54 40 90 51 16 90 77 560 244 47 108 497 88 38 109 15 0 2 93,347 5,872 347,827 72,509 17,690 6,472 219,904 7,977 288,040 120,426 12,113 59,145 484,513 22,856 5,777 95,483 3,630 0 1,279 221 54 31 56 51 13 64 22 145 136 23 101 300 17 3 106 6 0 2 152 37 22 49 43 9 51 15 76 87 18 70 240 7 0 74 5 0 2 13 5 1 2 4 2 4 2 8 1 0 4 34 6 1 12 0 0 0 56 12 8 5 4 2 9 5 61 48 5 27 26 4 2 20 1 0 0 * The general total includes collective societies and partnership companies MC - MAY 2016 (6/7) May 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 29 6 0 1 1 1 0 2 1 2 4 0 0 7 3 1 0 0 0 0 15,948 653 0 30 45 6 0 81 75 39 12,495 0 0 457 113 1,954 0 0 0 0 Reduce capital Number Subscribed capital 468 55 23 10 13 13 3 10 10 124 36 10 26 96 11 3 24 1 0 0 614,780 36,477 1,103 9,607 4,801 47,139 907 1,575 2,001 94,951 46,139 1,753 4,163 342,900 1,700 1,530 17,371 664 0 0 MC. 4 Mercantile companies created by type of company Capital in thousands of euros Total Number 2015 2016 May June July August September October November December January February March April May 8,095 8,277 8,106 5,203 6,466 7,460 7,980 8,091 9,485 10,489 9,914 9,598 8,926 Mercantile companies Capital 457,085 386,570 505,926 300,204 219,780 594,122 2,325,797 443,756 550,491 470,658 1,176,367 402,490 384,136 Number 8,064 8,254 8,074 5,184 6,444 7,432 7,947 8,067 9,443 10,399 9,835 9,512 8,812 For further information see INEbase – www.ine.es/en/ Capital 454,994 386,413 505,119 299,622 219,723 592,666 2,325,131 443,192 549,988 469,590 1,175,482 401,831 382,815 Public limited labour companies Number Capital 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 0 Special companies and other agencies Number Capital 29 22 32 19 22 27 30 23 42 90 79 86 114 290 91 807 581 57 216 450 466 503 1,068 885 659 1,321 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 - MAY 2016 (7/7)