business start-ups fell in May

by time news

2023-06-23 10:13:57
By Le Figaro with AFP

Posted 1 minute ago, Just updated

Over the last three months, creations in raw data fell by 0.8% compared to the same period a year earlier. OceanProd / stock.adobe.com

The decline reached 0.8% compared to the same period last year.

Business creations in France fell by 2.8% in May, the decline being greater among micro-entrepreneurs than among traditional businesses, INSEE reported on Friday. The number of new business registrations rose last month to 85,544, including 53,507 micro-enterprises, said the National Institute of Statistics and Economic Studies.

Adjusted for seasonal variations and the number of working days, these creations notably fell by 8.6% in the education/health/social action sector and by 5.8% in the household services sector. Over the last three months (March to May), creations in raw data fell by 0.8% compared to the same period a year earlier, while over the last twelve months, INSEE recorded an increase of 1 .3%.

Warning against the fragility of data on business creations

The Institute has also revised upwards by 0.6 percentage point the increase in business creations for the month of April, which finally reached 4.3%. Finally, INSEE once again warns against the fragility of the data on business creations collected since the beginning of the year due to the difficulty of setting up the one-stop shop for business formalities.

He warns in his press release that “the number of business creations is significantly revised downwards for the months of January to April 2023, due to an upward re-estimate of the rates of invalidation of creation formalities».

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