In the first quarter of 2022, compared with the previous quarter, both registrations of new businesses and bankruptcies decreased in the EU, although bankruptcies to a lesser extent. Registrations of new businesses fell by 2.3 % and bankruptcies by 0.8 %.
This information comes from data published by Eurostat today. The article presents a handful of findings from the more detailed Statistics Explained article.
In the first quarter of 2022, the number of registrations of businesses was 1% higher than in the same period in 2019, before the COVID-19 crisis, while the number of declarations of bankruptcies decreased by 23 % over the same period.
In terms of registrations, at the beginning of 2022, there were considerably more registrations of businesses than before the COVID crisis period in information and communication (+17 %), compared with the first quarter of 2019. On the other hand, in accommodation and food services, significantly fewer businesses were registered at the beginning of 2022 than in the first quarter of 2019 (-17 %).
The number of declarations of bankruptcies, at the beginning of 2022, was smaller than before the COVID-19 crisis period in all activities, except for accommodation and food services, for which bankruptcies increased by 11 %, compared with the first quarter of 2019.
For more information:
- Statistics Explained article on quarterly registrations of new businesses and declarations of bankruptcies
- Dedicated section on short-term business statistics
- Database on short-term business statistics