2023-10-06 18:29:30
Published on Oct 6, 2023 at 6:29 p.m.
Reflecting the normalization of the economy, but also the deterioration of the economic situation: between September 2022 and September 2023, 51,160 French companies opened recovery and liquidation procedures, according to the provisional count from the Banque de France. Over one year, the number of failures therefore returns more or less to their 2019 level when 51,145 defects were noted.
“This remains well below the pre-pandemic average measured between 2010 and 2019 which stood at 59,342 failures,” however, underlines Emilie Quema, director of businesses at the monetary institution.
All sectors
The last few months have nevertheless marked an acceleration: “For the second consecutive quarter, business insolvencies cumulative over three months were higher than their pre-Covid level,” wrote the BNP Paribas economist in a note published this Friday. , Stéphane Colliac. From April to June 2023, they are 4% more than a year earlier over the same period.
Standardization concerns all sectors. But over the recent period, the activities most affected are those which suffer the most from the sluggish economic situation. At the end of September, “in cumulative annual terms, industry, accommodation and catering and real estate activities are among the sectors where insolvencies are higher than before-Covid”, notes the BNP-Paribas expert. In commerce, the number of defaults is also approaching its 2019 level “due to rising costs and falling demand”, while in construction, the dynamic remains “contained” thanks to the activities building maintenance and investment.
The mid-sized companies affected
After having focused on VSEs, the difficulties are now accelerating for large SMEs and for mid-sized companies (ETI) which have had to face 50 defaults (out of more than 5,000 companies) over the last twelve months . “Threatened jobs represent 1% of salaried employment in France. And that does not mean that they will be destroyed,” explains Emilie Quema.
The Banque de France also recalls that the rise in insolvencies is in the wake of the explosion of business creation in France. “Over the past decade, the stock of businesses has increased by 50%. It increased from 3 million in 2010 to 4.2 million at the end of 2020,” notes the institution’s director of businesses.
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