There were 529 new registrations of private limited companies in the 3rd quarter of 2017, a 9% decrease from the same quarter last year. A total of 106 corporate insolvencies were registered in the 3rd quarter, 12% less than in the 3rd quarter of the previous year.

There were 99 new registrations during the period in Construction, which is an increase of5% from the same period in the previous year. Also of note is an 11% increase in Financial and insurance activities, where 69 new registrations were recorded during the period. On the other hand there was a decrease of 21% in Real estate activities, where 73 new private limited companies were registered. There were 2,588 new registrations in the period from October 2016 to September 2017, a 4% decrease compared with the prior 12 months.

The highest number of insolvencies in the 3rd quarter was in Wholesale and retail trade, repair of motor vehicles and motorcycles, 30 insolvencies, which is a 20% increase from the same quarter last year. Corporate insolvencies in the last 12 months were 713, which is a decrease of 19% when compared with the previous 12 months.

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.

New registration and insolvencies
  3rd quarter   October-September  
  2016 2017 % 2015-2016 2016-2017 %
New registration            
Total 584 529 -9 2,689 2,588 -4
A Agriculture, forestry and fishing 12 10 -17 95 56 -41
C Manufacturing 29 16 -45 102 94 -8
F Construction 94 99 5 353 404 14
G Wholesale and retail trade; repair of motor vehicles and motorcycles 67 61 -9 272 269 -1
H Transportation and storage 16 10 -38 65 53 -18
I Accommodation and food service activities 30 27 -10 174 155 -11
J Information and communication 50 34 -32 191 166 -13
K Financial and insurance activities 62 69 11 384 389 1
L Real estate activities 92 73 -21 413 395 -4
M Professional, scientific and technical activities 52 52 0 239 232 -3
N Administrative and support service activities 52 37 -29 249 228 -8
Other activities 28 41 46 152 147 -3
             
Insolvencies            
Total 120 106 -12 883 713 -19
A Agriculture, forestry and fishing 5 5 0 24 28 17
C Manufacturing 10 9 -10 51 32 -37
F Construction 16 17 6 156 139 -11
G Wholesale and retail trade; repair of motor vehicles and motorcycles 25 30 20 190 132 -31
H Transportation and storage 3 4 33 23 20 -13
I Accommodation and food service activities 8 6 -25 52 48 -8
J Information and communication 8 1 -88 56 32 -43
K Financial and insurance activities 13 7 -46 71 58 -18
L Real estate activities 9 11 22 77 84 9
M Professional, scientific and technical activities 12 9 -25 84 53 -37
N Adminstrative and support service activities 4 4 0 44 47 7
Other activities 7 3 -57 55 40 -27

Statistics:
  New registrations
  Insolvencies