NEWS RELEASE ENTERPRISES 28 OCTOBER 2016

There were 240 new registrations of private limited companies in September 2016. New registrations increased by 19% over the last 12 months, from October 2015 to September 2016, compared to the prior 12 months. There were 2,689 new registrations during the period, compared with 2,255 in the previous 12 months. The greatest proportional increase in new registrations was in Transportation and storage, from 39 to 65, or a 67% increase from the previous 12 months. Also of note is an increase from 169 to 249 in Administrative and support service activities (47%), an increase from 318 to 413 in Real estate activities (30%), and an increase from 272 to 353 in Construction (30%). There was a decrease of 4% in new registrations during the period in Professional, scientific and technical activities (from 283 to 272).

There were 60 corporate insolvencies registered in September 2016. Corporate insolvencies increased by 22% over the last 12 months, from October 2015 to September 2016, compared to the prior 12 months. There were 880 corporate insolvencies during the period, compared with 722 in the previous 12 months. The greatest proportional increase in insolvencies during the period was from 45 to 71 in Financial and insurance activities (58%). Additionally, there was over 50% increase of insolvencies during the period in Wholesale and retail trade; repair of motor vehicles and motorcycles, from 123 to 190 (54%); and in Information and communication, from 37 to 56 (51%). The greatest proportional decrease of insolvencies was from 91 to 77 in Real estate activities (15%), and from 60 to 52 in Accommodation and food service activities (13%).

New registration and insolvencies
  September   October–September  
  2016 2015 % 2015–2016 2014–2015 %
New registration            
Total 240 200 20 2,689 2,255 19
A Agriculture, forestry and fishing 2 2 0 95 86 10
C Manufacturing 9 11 -18 102 93 10
F Construction 34 27 26 353 272 30
G Wholesale and retail trade; repair of motor vehicles and motorcycles 30 28 7 272 283 -4
H Transportation and storage 5 1 400 65 39 67
I Accommodation and food service activities 14 12 17 174 158 10
J Information and communication 18 14 29 191 172 11
K Financial and insurance activities 34 21 62 384 326 18
L Real estate activities 40 42 -5 413 318 30
M Professional, scientific and technical activities 22 15 47 239 214 12
N Administrative and support service activities 22 18 22 249 169 47
Other activities 10 9 11 152 125 22
             
Insolvencies            
Total 60 49 22 880 722 22
A Agriculture, forestry and fishing 1 2 -50 24 23 4
C Manufacturing 8 2 300 50 44 14
F Construction 5 14 -64 155 143 8
G Wholesale and retail trade; repair of motor vehicles and motorcycles 15 8 88 190 123 54
H Transportation and storage 1 1 0 23 24 -4
I Accommodation and food service activities 1 9 -89 52 60 -13
J Information and communication 5 1 400 56 37 51
K Financial and insurance activities 7 2 250 71 45 58
L Real estate activities 5 5 0 77 91 -15
M Professional, scientific and technical activities 8 1 700 84 60 40
N Adminstrative and support service activities 1 2 -50 44 35 26
Other activities 3 2 50 54 37 46

Statistics:
  New registration
  Insolvencies

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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