More than 61,000 annual insolvencies in France, while safeguard proceedings soar

5/27/2013 - Report
ic_blogtagEconomic OutlookInsolvency and Payment RiskFranceBusiness ClimateGrowthInsolvencyPrivate Sector
After a fresh surge in April (+11.1%) and despite a noticeable decline over the first quarter (-2.9%), the total number of corporate insolvencies in France remains very high, with 61,016 cases over the past 12 months (+1.9%).

The trend in insolvencies is clearly rising for almost all business categories ranked according to revenue, with a steep rise in the recent period for the largest companies: +44.4% for those with revenues in excess of EUR 15 million.

The rise in insolvencies over the past 12 months has concerned most sectors, but above all lodging and catering, business services and car trading. In the few sectors that bucked the trend, such as consumer services, the decline remained limited. More than 75% of mainland French regions recorded a rise in insolvencies over the past 12 months.

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More than 61,000 annual insolvencies in France, while safeguard proceedings soar - Report