In the fourth quarter of 2021, new business registrations in the EU increased by 1.6% compared to the previous quarter. On the other hand, declared bankruptcies decreased by 0.7%.
This information comes from data published today by Eurostat. The article presents some findings from the more detailed Statistics Explained article.
Source dataset: sts_rb_q
In the fourth quarter of 2021, the number of business registrations was 6% higher than the same period in 2019, before the COVID-19 crisis, while the number of bankruptcy declarations fell by 23% over the same period.
At the end of the fourth quarter of 2021, there were considerably more business registrations than before the COVID crisis in the information and communication and transport sectors. In contrast, in accommodation and food services, significantly fewer companies were registered than in 2019 and before.
In addition, at the end of the fourth quarter of 2021, declarations of bankruptcy in all sectors of the economy were fewer than in the same quarter of 2019. The largest declines were recorded in information and communication, industry and commerce.
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