The corporate failures decrease
The level of corporate failures falls back down in October 2009 on a month, while remaining at a high level because of the fragility of economic conditions. INSEE reported Friday a drop of 7.9% of these corporate failures in October 2009 compared to September, after declining by 8.8%.
In one year, the trend is however extremely unfavorable failures have increased by 12.2% over the previous year. SMEs, the first victims of the crisis have been particularly affected by the carnage of 2009. Coface points out that in the summer, the number of failures rose by 80% when they grew by 55% for micro-enterprises. Companies or groups producing a turnover of more than 50 million euros have instead benefited from relative stability, albeit with a downward trend.As for the sectors most affected, manufacturing, real estate and transportation have paid the heaviest toll, according to the latest Deloitte.
For 2010, the trend is not open to the improvement. The observatory Coface anticipates stabilization figures failures at very high in 2009 (67.000). The two components of total failures should in fact be offset: the bound, very normally, demographics businesses should help to push further failures, due to the increasing number of businesses created. In contrast, the component related to the economic crisis as it should gradually decline, until they find the second half of 2010 "a symmetrical curve than the end of 2008"