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Economic Figures For The Region

94 New Companies

During the first quarter of 2019, 94 new companies were entered in the region's commercial register. This figure represents a small decline when compared with the first quarter of 2018 (2018 Q1: 118). 35% of the new companies are individually owned firms, while 50% of them are limited liability companies (Sàrl or SA). Individually owned firms used to account for more than 40% of company creations in the previous years. Shall we conclude that there is a shift in the entrepreneurial dynamics? We will be able to check throughout the year to see whether this trend is confirmed.

The results of this first quarter are rather timid. On top of the decrease in new registrations, the balance of all business activity (new registrations/arrivals vs departures/bankruptcies/companies that cease trading /dissolutions) for this quarter is of only one company.

This figure matches the slowing trend noticed at the end of 2018. The regional context of 2019 is particular, so we cannot draw a general conclusion at this point.

Promove looks forward to sharing a new situation review in early July.

Sources: Data based on the daily announcements at the register of commerce.