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Eurostat, new businesses are down, Italy -5.2%, more bankruptcies

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Ukraine, first UN ship with cereals for Africa (ANSA)

New business registrations in the eurozone decreased by 2% in the second quarter of 2022 compared to the previous quarter. In the EU, they fell by 1.2%. The decline follows a contraction seen already in the first quarter (-2% in the euro area and -2.3% in the EU). In Italy, the registration of new businesses fell by 5.2% in the second quarter (-3.5% in the first). The statistics office of the EU, Eurostat, estimates this.

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As for bankruptcy filings, they increased again for the fourth consecutive quarter. The increase began in the third quarter of 2021, after a significant decline of 11% in the second quarter of 2021 compared to the first quarter of 2021. The most recent data shows that in the second quarter of 2022 bankruptcy declarations increased by 2.2% compared to to the first quarter of 2022.

The number of business registrations in the first two quarters of 2022 remains higher than in the pre-pandemic period of 2019.

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Source: Ansa

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