The Diplomat
The number of new commercial companies increased by 15.4% last July compared to the same month in 2022, reaching a total of 8,292 companies, according to data released this Monday by the National Institute of Statistics (INE).
With the rebound in July, almost one point higher than that registered in June, the creation of companies has links seven consecutive months of year-on-year increases. However, the total number of companies incorporated marked its lowest figure in all of 2023 in the seventh month of the year, Europa Press reports.
For the constitution of the 8,292 companies created last July, just over 352.5 million euros were subscribed, which represents 10.7% more than in the same month of 2022, while the average subscribed capital, which is stood at 42,521 euros, decreased 4.1% year-on-year.
While the creation of companies increased, the dissolution of companies decreased in July, 4.8% compared to the same month in 2022, to a total of 1,546. In this way, every day of the month of July 50 companies closed their doors in Spain.
Of the 1,546 companies that closed last July, 78.6% did so voluntarily, 9.1% due to a merger with other companies and the remaining 12.3% for other reasons.
19.3% of the commercial companies that were created in the seventh month of the year were dedicated to commerce and 16.6% to real estate, financial and insurance activities.
Regarding companies dissolved by main economic activity, the highest percentages also occur in commerce (19.6%) and then in construction (16.9%).
For its part, the number of commercial companies that increased capital increased by 9.3% in July, up to 2,264 companies. The capital subscribed in these increases exceeded 2,020 million euros, 27.7% higher than in July 2022, while the average capital was 892,242 euros, 16.8% more.
In the first seven months of the year, 11.2% more companies have been created than in the same period of 2022. For its part, the number of dissolved companies has decreased by 0.1% until July.
Madrid and Catalonia, at the head
The communities that created the greatest number of companies last July were Madrid (1,938 companies), Catalonia (1,653) and Andalusia, where 1,359 companies were created. The regions that formed the fewest companies in the seventh month of the year were La Rioja (25), Navarra (42) and Cantabria (49).
All regions created more companies in July than in the same month of 2022, except Cantabria, which did not experience any variation. The largest increases occurred in Murcia (+36.5%), Extremadura (+34.7%) and Navarra (+31.3%).
For their part, the most moderate year-on-year increases in the incorporation of companies were recorded in the Canary Islands (+0.7%), the Basque Country (+2.5%) and Castilla y León (+6.7%).
Looking at dissolved commercial companies, the communities with the highest number of dissolutions in July 2023 were Madrid (530), Andalusia (253) and Catalonia (122). On the contrary, the autonomous communities with the fewest dissolved commercial companies were Navarra (3), La Rioja (15) and Castilla-La Mancha (16).
Ten communities increased their number of business dissolutions last July in an interannual rate, mainly La Rioja (+150%) and Cantabria (+75%), and seven reduced them, especially Castilla-La Mancha (-60%), Murcia (-47.7%) and Valencian Community (-42.8%).
In monthly terms (July over June), the incorporation of new companies plummeted by 18.8%, its second largest monthly drop in a month of July in the last five years, only surpassed by that of July 2022 (-19, 4%).
For its part, the dissolution of companies fell 6.7% in July compared to June, its largest monthly decrease in a month of July in at least five years.
