Business failures return to their pre-Covid level

2023-10-06 17:11:59

Published on Oct 6, 2023 at 6:29 p.m.Updated Oct 6, 2023 at 7:11 p.m.

Reflecting the normalization of the economy, but also the deterioration of the economic situation: between September 2022 and September 2023, 51,160 French companies opened recovery and liquidation procedures, according to the provisional count from the Banque de France. Over one year, the number of failures therefore returns more or less to their 2019 level when 51,145 defects were noted.

“This remains well below the pre-pandemic average measured between 2010 and 2019 which stood at 59,342 failures,” however, underlines Emilie Quema, director of businesses at the monetary institution.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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