Entrepreneurs take some oxygen after the coronavirus pandemic and score their best month in fourteen years. In November of last year, 8,177 commercial companies were created, 11.4% more than in the same month of 2020, while 2,130 were dissolved, 3.3% more year-on-year, which means that an average of 71 companies disappeared every day. According to the statistics published this Tuesday by the National Institute of Statistics (INE) -which includes Efe-, the subscribed capital for the constitution of new companies exceeded 629.8 million euros, 71.3% more than a year before.

The average subscribed capital (77,029 euros) increased 53.8%. Of the companies that disappeared in November, 79.3% did so voluntarily, 12.5% ​​due to mergers and the remaining 8.2% for other reasons. In addition, in November, 2,327 commercial companies increased their capital, 14.1% more, with a total subscribed capital of 2,007 million, 89.7% higher than a year earlier.

The average capital subscribed in these operations (862,740 euros) increased by 66.2% in the annual rate. 20.1% of the mercantile companies created in November corresponded to trade and 17.8%, to real estate, financial and insurance. Of the dissolved companies, 19.7% belonged to commerce and 17.9% to construction.

The highest annual rates in the number of commercial companies created were registered in La Rioja (71.4%), the Balearic Islands (39.1%) and Navarra (36.2%). The greatest decreases occurred in Castilla y León (11.6%), Asturias (6.3%) and Castilla-La Mancha (5.3%). As for dissolved companies, the highest rates were registered in Murcia, where they doubled, Asturias and Aragón (both with 50% more).