There were 257 new registrations of private limited companies in February 2017. New registrations increased by 12% over the last 12 months, from March 2016 to February 2017, compared to the prior 12 months. There were 2,714 new registrations during the period, compared with 2,430 in the previous 12 months. The greatest proportional increase in new registrations was in Administrative and support service activities, from 185 to 281 (52%), and from 45 to 66 in Transportation and storage (47%). There was a 12% decrease in new registrations during the period in Agriculture, forestry and fishing (from 92 to 81).

There were 67 corporate insolvencies registered in February 2017. Corporate insolvencies increased by 55% over the last 12 months, from March 2016 to February 2017, compared to the prior 12 months. There were 974 corporate insolvencies during the period, compared with 630 in the previous 12 months. The greatest proportional increase in insolvencies during the period was from 30 to 59 in Administrative and support service activities (97%). There was an increase in the number of insolvencies for all major industries during the period. The smallest increase was in Manufacturing, where the number went from 40 to 51 (28%).

Beginning next month, Statistics Iceland will henceforth be publishing announcements regarding new registrations and corporate insolvencies on a quarterly basis. Statistics on new registrations and corporate insolvencies by field of activity will be updated monthly, as before.

New registration and insolvencies
  February   March–February  
  2016 2017 % 2015-2016 2016-2017 %
New registration            
Total 241 257 7 2,430 2,714 12
A Agriculture, forestry and fishing 9 6 -33 92 81 -12
C Manufacturing 16 10 -38 88 104 18
F Construction 24 60 150 299 395 32
G Wholesale and retail trade; repair of motor vehicles and motorcycles 27 20 -26 274 267 -3
H Transportation and storage 5 3 -40 45 66 47
I Accommodation and food service activities 13 17 31 160 167 4
J Information and communication 18 20 11 174 197 13
K Financial and insurance activities 28 18 -36 359 361 1
L Real estate activities 39 48 23 383 431 13
M Professional, scientific and technical activities 25 19 -24 223 229 3
N Administrative and support service activities 21 24 14 185 281 52
Other activities 16 12 -25 148 135 -9
             
Insolvencies            
Total 131 67 -49 630 974 55
A Agriculture, forestry and fishing 1 1 0 20 30 50
C Manufacturing 9 5 -44 40 51 28
F Construction 27 14 -48 132 179 36
G Wholesale and retail trade; repair of motor vehicles and motorcycles 32 14 -56 116 184 59
H Transportation and storage 2 4 100 17 24 41
I Accommodation and food service activities 9 6 -33 43 57 33
J Information and communication 4 4 0 34 59 74
K Financial and insurance activities 12 3 -75 44 82 86
L Real estate activities 11 6 -45 67 100 49
M Professional, scientific and technical activities 12 2 -83 50 85 70
N Adminstrative and support service activities 5 3 -40 30 59 97
Other activities 7 5 -29 37 64 73

Statistics:
  New registration
  Insolvencies