There were 689 new registrations of private limited companies in the 2nd quarter of 2017, thereof 189 in April, 258 in May, and 242 in June. New registrations decreased by 11% in the 2nd quarter of 2017, when compared with 771 new registrations in the 2nd quarter of 2016. Looking at new registrations by sections of activity, the greatest number of new registrations was in Financial and insurance activities (111), Construction (94) and Real estate activities (94). When compared with the 2nd quarter of 2016, there was an increase in new registrations from 52 to 64 in Professional, scientific and technical activities (23%), whereas there was a decrease from 39 to 21 in Agriculture, forestry and fishing (46%) and from 57 to 36 in Information and communication (37%). New registrations decreased by 11% over, compared to the prior 12 months. There were 2,643 new registrations during the last 12 months, from April 2016 to March 2017, compared with 2,633 in the previous 12 months.

There were 157 corporate insolvencies registered in the 2nd quarter of 2017, thereof 69 in April, 20 in May and 68 in June. Corporate insolvencies decreased by 55% when compared with the 2nd quarter of 2016, when they were 352. Looking at major sections of activity, there were 31 insolvencies in Construction, compared with 64 in the 2nd quarter of 2016 (52% decrease), and 31 insolvencies in Wholesale and retail trade, repair of motor vehicles and motorcycles, compared with 66 in the 2nd quarter of 2016 (53% decrease). Corporate insolvencies decreased by 16% compared with the prior 12 months. There were 907 corporate insolvencies over the last 12 months, from July 2016 to June 2017, compared with 683 in the previous 12 months, which is a decrease of 16%.

New registration and insolvencies
  2nd quarter   July-June  
  2016 2017 % 2015-2016 2016-2017 %
New registration            
Total 771 689 -11 2,633 2,643 0
A Agriculture, forestry and fishing 39 21 -46 96 58 -40
C Manufacturing 27 21 -22 98 107 9
F Construction 106 94 -11 327 399 22
G Wholesale and retail trade; repair of motor vehicles and motorcycles 81 80 -1 276 275 0
H Transportation and storage 19 18 -5 57 59 4
I Accommodation and food service activities 48 51 6 183 158 -14
J Information and communication 57 36 -37 193 182 -6
K Financial and insurance activities 112 111 -1 389 382 -2
L Real estate activities 111 94 -15 413 414 0
M Professional, scientific and technical activities 52 64 23 220 232 5
N Administrative and support service activities 85 62 -27 231 243 5
Other activities 34 37 9 150 134 -11
             
Insolvencies            
Total 352 157 -55 851 716 -16
A Agriculture, forestry and fishing 10 8 -20 24 28 17
C Manufacturing 14 1 -93 44 33 -25
F Construction 64 31 -52 163 138 -15
G Wholesale and retail trade; repair of motor vehicles and motorcycles 66 31 -53 178 126 -29
H Transportation and storage 12 5 -58 23 18 -22
I Accommodation and food service activities 20 11 -45 56 49 -13
J Information and communication 29 9 -69 51 38 -25
K Financial and insurance activities 24 15 -38 64 64 0
L Real estate activities 37 18 -51 78 80 3
M Professional, scientific and technical activities 35 8 -77 75 54 -28
N Adminstrative and support service activities 14 11 -21 44 46 5
Other activities 27 9 -67 51 42 -18

Statistics Iceland publishes announcements regarding new registrations and corporate insolvencies on a quarterly basis. Statistics on new registrations and corporate insolvencies by field of activity are updated monthly.

Statistics: