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Insolvencies in Portugal October 2018

Summary

 

The global number of insolvency procedures registered in September has increased 12,8% over the same period in 2017.This increase is due to the total number of lawsuits closed in October 2018.

Incorporations have increased, from 3.378 to 3.680 incorporated companies in October 2018. Thus, an 8,9% increase in the number of new companies was registered.

Until this past October the declared insolvencies (mandatory) diminished by 15 (- 1,3%), Insolvency declarations in which the company voluntarily declares itself for insolvency have also registered a decrease by 8 (-0,7%), just as the insolvencies and the closed

insolvency processes where a recovery plan is established diminished by 32 (- 33,7%) when in comparison with those from 2017.

Concerning insolvency declarations, there were r 2.875 registered, 188 more than in 2017, this results in a global increase of insolvencies (plus 133 over 2017).

Lisboa and Porto remain the districts presenting the highest insolvency number, 1.393 e 1.229 respectively. Facing 2017, it’s noticed a 1,3% decrease in Lisboa and a 16,7% increase in Porto.

 

The districts that present a more pronounced decrease are: Leiria (- 23,2%), Madeira (- 22,7%), Évora ( -16,7%), Setúbal (- 15,3%), Viseu

(-13,4%) and finally Portalegre (-10%).

 

The districts that reveal a greater increase are: Angra do Heroísmo (+142,9%); Horta (+ 60%); Guarda (+52,3%); Beja (+47,6%); Castelo

Branco (+35,9%) e Faro (+23,8%).

 

Up to October 2018, the sectors that present an insolvency decrease are: Telecommunications (- 44,4%); Hotels and Restaurants

(-6,4%); Construction & Public Works (-2,9%); Retail (- 2,2%) and Transports (- 2%).

 

The sectors that present a more positive and significant variation are: Extractive Industry (+ 137,5%); Agriculture, Hunting and fishing (+ 20%); Whole Sale (+ 16,1%); Electricity, Gas, Water (+ 5,3%), and Other Services (+ 4,4%); Sale of Motor Vehicles (+ 3,4%) and Manufacturing (3,3%).

 

Incorporations

 

Incorporations, in October 2018 increased from 3.378 companies in 2017 to 3.680 in 2018, an additional 302 companies on year-on-year terms (+ 8,9%). In accumulate terms there is an increase since 2016.

The most significant number of incorporations was registered in Lisboa with 13.164 companies (+ 14,3%), Porto also presents a high value of incorporations, 6.798 companies (+ 13,5%), Setúbal with 2.837 companies (+ 20%), Braga with 2.735 companies (+8,6%), Faro with 2.088 companies (+ 8,9%), Aveiro with 1.690 companies (+ 3%), Leiria with 1.373 companies (+ 4,3%), Coimbra com 980 companies (+ 2,6%),

Santarém with 978 companies (+1,1%) and Madeira com 901 companies (+ 4,4%).

 

The most significant decreases, taking into account the variations, occurred in the following districts: Horta (- 25,4%), Portalegre (- 20,3%), Bragança (-13,6%); Beja (- 6,5%), Vila Real (-4,8%). 

Up to October 2018, the sectors that present a wider variation are: Transports (+ 57,1%); Mining Industry (+22,2%); Construction and Public Works (+ 19,9%), Trade of Motor Vehicles (+ 13,9%) and Other Services (+ 13%).

 

The most significant decreases were registered in: Agriculture Hunting and Fishing (- 23,2%) and in Telecommunications (-3,2%). 

 

Here you can download the full insolvency report:

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Insolvencies Portugal October 20185
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