Courtesy of Mish.
Inquiring minds are looking at the birth-death model of Spanish businesses.
Statistics show Spain Lost 57,000 Companies in 2011
The number of active enterprises decreased 1.6% in 2011 and stood at 3,199,616. This is the fourth consecutive year of decline according to the latest update of the Central Companies Directory (CCD) released by the National Institute of Statistics (INE).
During 2011 more companies ceased their activities (391,270) than were launched (334,516). The net effect is a loss of 56,754 businesses.
By size, measured in number of employees, Spanish firms are characterized by their small size. 55.2% of companies (1,764,987) did not employ any workers in 2011. In addition, 867,550 companies (27.1%) had one or two employees, while those hired 20 or more workers accounted for only 4.7% of businesses.
The fewest casualties were in education (2682), the utilities (1,478), recreation and entertainment (859), and sector programming and computer consulting (828).
By contrast, construction of buildings had 13,206 net company closures, followed by specialized construction (10,170) and architectural and engineering (7343).
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
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