The number of new business companies in Spain fell by 6.8% in June compared to the same month in 2021, reaching a total of 8,909 companies, according to data released by the country’s National Statistics Institute (INE).
With the drop in June, business start-ups are in their third consecutive month of year-on-year decline, following a drop of 8.2% in April and 4.6% in May.
More than 362 million euros were subscribed for the creation of the 8,909 companies created in June, 23.2% less than in the same month of 2021, while the average subscribed capital, which stood at 40,739 euros, fell by 17.6% year-on-year.
While business creations decreased, business dissolutions increased in June, by 8.1 percent compared to the same month last year, to a total of 1,698.
In the first six months of the year, the number of business creations decreased by 1.7 percent compared to the same period in 2021 and the number of business dissolutions increased by 7.7 percent.
Of the 1,698 businesses that closed in June, 75.4 percent did so voluntarily, 10.9 percent through mergers with other businesses, and the remaining 13.7 percent for other reasons.
Of the commercial companies established in the sixth month of the year, 19.7% were engaged in trade and 18.2% in real estate, financial, and insurance activities.
The highest percentages of dissolved companies by main economic activity were in trade (20.8%) and construction (15.4%).
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