Business creation shoots up 13.9%, breaking a 15-year record

by time news

2023-07-07 09:49:35

The number of new commercial companies shot up 13.9% last May compared to the same month of 2022, up to a total of 10,404 companies, its highest number in a fifth month of the year since 2008, according to data released this Friday by the National Institute of Statistics (INE).

With the rebound in May, the creation of companies chains five consecutive months of promotions, although that of January has been the highest of those registered until the fifth month of the year.

For the constitution of the 10,404 companies created last May, something was signed more than 360 million euroswhich is 4.3% less than in the same month of 2022, while the average subscribed capital, which stood at 34,604 euros, decreased 16% year-on-year.

As the rose creation of companies, The dissolution of companies decreased in May, 1.6% compared to the same month in 2022, to a total of 1,702. In this way, every day of the month of May, 55 companies closed their doors in Spain.

In the first five months of the year something has been created more than 50,000 companiesa figure 10% higher than that of the same period in 2022. For its part, the number of dissolved companies has increased by 0.9% up to May.

in monthly terms (May over April), the incorporation of new companies shot up 20.7%, the highest rate since November 2022, when it stood at 21.9%.

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