In November 7,721 mercantile companies are created, 2.1% less than in the same month of 2016 and 1,808 are dissolved, 5.9% less
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1 12 January 2018 Mercantile Companies Statistics (MC) November Provisional data In November 7,721 mercantile companies are created, 2.1% less than in the same month of 2016 and 1,808 are dissolved, 5.9% less La Rioja (28.0%), Castilla La Mancha and Comunidad de Madrid (both with 14.4%) are the Autonomous Communities with the greatest business dynamism 1 In November, 7,721 mercantile companies were created, 2.1% less than in the same month of The subscribed capital for their constitution exceeded 371 million euros, with an annual increase of 15.9%. The average subscribed capital (48,067 euros) increased by 18.4%. On the other hand, 2,468 mercantile companies increased their capital in November, 7.3% less than in the same month of The capital subscribed in the increases grew 28.5% and exceeded 2,251 million euros. The average capital subscribed in these transactions (912,162 euros) increased 38.7% in the annual rate. The number of mercantile companies dissolved in November was 1,808, which is 5.9% less than in the same month of Of these, 76.8% did so voluntarily, 9.9% due to mergers and the remaining 13.3% for other reasons. Mercantile companies created, increasing their capital and dissolved. November 2017 Total % Variation Monthly Annual Annual accumulated Mercantile companies created Number 7, Capital subscribed (thousands of euros) 371, Average capital subscribed (euros) 48, Mercantile companies increasing their capital Number 2, Capital subscribed (thousands of euros) 2,980, Average capital subscribed (euros) 1,207, Mercantile companies dissolved Number 1, Voluntary 1, Merger Other Business dynamism: Performance of the number of mercantile companies, understood as the annual variation rate of the creation of mercantile companies. MC - NOVEMBER 2017 (1/7)
2 Evolution of the monthly rate In order to contribute to the analysis and interpretation of the data, the following chart shows the variation of the number of mercantile companies created and dissolved between October and November in the last five years. In 2017, the monthly variation of the number of companies created was 6.7% and that of the companies dissolved was 20.0%. Performance of the monthly rate of mercantile companies created and dissolved (November 2017 variation is compared with October 2017) Created Dissolved Results by main economic activity Of the mercantile companies created in November, 24.0% corresponded to and 13.6% to Real estate, financial and insurance companies. Regarding the dissolved companies, 20.7% corresponded to and 16.7% to Construction. % mercantile companies created by main economic activity. November 2017 Transport and storage % mercantile companies dissolved by main economic activity. November 2017 Transport and storage MC - NOVEMBER 2017 (2/7)
3 The activity with the greatest net balance of mercantile companies created in November 2017 was, with 1,476 new companies. Conversely, presented the lowest net balance, with 191 companies created. Net balance of mercantile companies created by main economic activity November 2017 Transporte y almacenamiento ,476 The economic activity with the greatest subscribed capital of mercantile companies created was Real estate, financial and insurance, with million euros. In turn, presented the lowest subscribed capital, with 2.52 million. Capital subscribed of mercantile companies created by main economic activity (thousands of euros). November 2017 Transport and storage 40,524 27,002 22,335 15,144 7,727 7,725 7,671 7,633 2, MC - NOVEMBER 2017 (3/7)
4 Results by Autonomous Communities The Autonomous Communities with the greatest number of mercantile companies created in November were Comunidad de Madrid (1,776), Cataluña (1,372), and Andalucía (1,301). Conversely, the Autonomous Communities where less mercantile companies were created were La Rioja (32), Cantabria and Comunidad Foral de Navarra (both with 65). Regarding the dissolved mercantile companies, the ones that registered the highest number were Comunidad de Madrid (532), Andalucía (309) and Cataluña (146). In turn, those with the lowest number of dissolutions were Comunidad Foral de Navarra (4), Región de Murcia (11) and Cantabria (12). Mercantile companies created and dissolved by Autonomous Communities. October 2017 Created Dissolved Number % Annual variation Number % Annual variation TOTAL 7, , Andalucía 1, Aragón Asturias, Principado de Balears, Illes Canarias Cantabria Castilla y León Castilla - La Mancha Cataluña 1, Comunitat Valenciana Extremadura Galicia Madrid, Comunidad de 1, Murcia, Región de Navarra, Comunidad Foral de País Vasco Rioja, La MC - NOVEMBER 2017 (4/7)
5 In terms of annual variation of the number of mercantile companies created, La Rioja (28.0%), Castilla La Mancha and Comunidad de Madrid (both with 14.4%) were the Autonomous Communities with the highest annual rates. In turn, Cataluña (-19.0%), Galicia (-17.3%) and Cantabria (-13.3%) registered the greatest decreases. Regarding the mercantile companies dissolved, Illes Balears (27.6%), La Rioja (23.1%) and Andalucía (22.6%) were the Autonomous Communities that registered the highest positive rates. In turn, those with the highest decreases were Comunidad Foral de Navarra (-71.4%), Región de Murcia (-59.3%) and Cantabria (-57.1%). Annual variation in mercantile companies created by Autonomous Communities. November 2017 Annual variation in mercantile companies dissolved by Autonomous Communities. November 2017 Rioja, La 28.0 Balears, Illes 27,6 Castilla - La Mancha 14.4 Rioja, La 23.1 Madrid, Comunidad de 14.4 Andalucía 22.6 Aragón 11.9 Extremadura 14.3 Asturias, Principado de 5.3 Madrid, Comunidad de 6.6 Navarra, Comunidad Foral de 4.8 Canarias 4.6 Balears, Illes 2.0 País Vasco -2.4 Canarias -0.3 Comunitat Valenciana -2.8 Comunitat Valenciana -0.8 TOTAL -5.9 Extremadura -1.6 Castilla y León TOTAL -2.1 Castilla - La Mancha Castilla y León -2.2 Cataluña Andalucía -3.1 Aragón Murcia, Región de -4.1 Galicia País Vasco -5.7 Asturias, Principado de Cantabria Cantabria Galicia Murcia, Región de Cataluña Navarra, Comunidad Foral de MC - NOVEMBER 2017 (5/7)
6 Mercantile Companies Statistics November Provisional data MC. 1 Mercantile companies created General total* Public limited company Private limited company Number Capital Number Capital Number Capital Subscribed Disbursed Subscribed Disbursed Subscribed Disbursed TOTAL 7, , , ,627 19,680 7, , ,476 Andalucía 1,301 65,057 60, ,395 4,702 1,297 55,662 55,662 Aragón 197 7,645 7, ,582 7,582 Asturias, Principado de 100 2,701 2, ,701 2,701 Balears, Illes 257 5,672 5, ,672 5,672 Canarias 295 7,634 7, ,634 7,634 Cantabria 65 1,910 1, ,910 1,910 Castilla y León 227 7,646 7, ,646 7,646 Castilla - La Mancha 246 6,747 6, ,497 6,497 Cataluña 1, , , ,266 3,266 1,363 99,076 99,076 Comunitat Valenciana ,231 75, ,971 74,971 Extremadura 121 7,359 7, ,359 7,359 Galicia 302 6,421 6, ,358 6,358 Madrid, Comunidad de 1,776 62,062 61, ,276 11,141 1,760 50,786 50,786 Murcia, Región de 233 4,661 4, ,601 4,601 Navarra, Comunidad Foral de 65 1,069 1, ,069 1,069 País Vasco 246 6,592 6, ,592 6,592 Rioja, La Ceuta Melilla MC. 2 Mercantile companies that increase capital and are dissolved Increase capital Dissolved General total* Public limited Private limited Total Volun- Merg- Other companies companies tary ed Number Capital Number Capital Number Capital Number Number Number Number TOTAL 2,468 2,251, ,679,343 2,347 1,300,990 1,808 1, Andalucía , , , Aragón 59 20, , , Asturias, Principado de 39 6, , , Balears, Illes 55 52, , , Canarias 72 33, , , Cantabria 11 49, , , Castilla y León 93 28, , , Castilla - La Mancha 88 11, , Cataluña , , , Comunitat Valenciana , , , Extremadura 46 13, , Galicia , , , Madrid, Comunidad de 647 1,425, , , Murcia, Región de 75 32, , Navarra, Comunidad Foral de 32 43, , , País Vasco 83 30, , , Rioja, La 12 1, , Ceuta Melilla * The general total includes collective societies and partnership companies MC - NOVEMBER 2017 (6/7)
7 November Provisional data MC. 3 Mercantile companies that disburse installment payments on subscribed shares and companies that reduce capital Disburs. of install. paym. on sub. shares Reduce capital Number Disbursed capital Number Subscribed capital TOTAL 26 17, ,649 Andalucía ,839 Aragón ,505 Asturias, Principado de ,993 Balears, Illes ,947 Canarias ,005 Cantabria Castilla y León ,083 Castilla - La Mancha ,801 Cataluña ,366 Comunitat Valenciana ,808 Extremadura Galicia 4 1, ,307 Madrid, Comunidad de 9 15, ,211 Murcia, Región de Navarra, Comunidad Foral de ,121 País Vasco ,913 Rioja, La Ceuta Melilla MC. 4 Mercantile companies created by type of company Total Mercantile companies Public limited labour Special companies companies and other agencies Number Capital Number Capital Number Capital Number Capital 2016 November 7, ,231 7, , December 7, ,713 7, , January 8, ,824 8, , February 8, ,215 8, , March 10, ,710 10, , April 7, ,129 7, , May 8, ,784 8, , June 8, ,431 8, , July 7, ,907 7, , August 5, ,052 5, , September 6, ,963 6, , October 7, ,402 7, , November 7, ,246 7, , For further information see INEbase All press releases at: Press Office: Telephone numbers: / Fax: gprensa@ine.es Information Area: Telephone number: Fax: MC - NOVEMBER 2017 (7/7)
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