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Business creation in September rebounded more than 3% after five months of setbacks


New companies grow through 6,838 companies. The rate of new business creation declined by 8.2% in April, 4.6% in May, 6.8% in June, 14.4% in July, and 6.4% in August.

Fotolia

10/11/2022

Updated at 11:15 a.m.

Number of new business firms It grew by 3.3% in September compared to the same month in 2021up to a total of 6,838 companies, according to data released this Thursday by the National Institute of Statistics (INE).

With the September recovery, corporate establishment Ends five consecutive months of year-on-year declines After falling 8.2% in April, 4.6% in May, 6.8% in June, 14.4% in July, and 6.4% in August.

For the composition of 6,838 companies set up in September, a nearly 400 million eurosan increase of 77.3% over the same month of 2021, while the average subscribed capital, which amounted to €58,457, increased by 71.7% year-on-year.

While corporate creation increased, in September The corporate solution also grew by 11.8% compared to the same month last yeartotaling 1,430. In the first nine months of the year, 3% fewer companies were established than in the same period in 2021 and 9.1% more companies disappeared.


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