There were 257 new registrations of private limited companies in February 2017. New registrations increased by 12% over the last 12 months, from March 2016 to February 2017, compared to the prior 12 months. There were 2,714 new registrations during the period, compared with 2,430 in the previous 12 months. The greatest proportional increase in new registrations was in Administrative and support service activities, from 185 to 281 (52%), and from 45 to 66 in Transportation and storage (47%). There was a 12% decrease in new registrations during the period in Agriculture, forestry and fishing (from 92 to 81).
There were 67 corporate insolvencies registered in February 2017. Corporate insolvencies increased by 55% over the last 12 months, from March 2016 to February 2017, compared to the prior 12 months. There were 974 corporate insolvencies during the period, compared with 630 in the previous 12 months. The greatest proportional increase in insolvencies during the period was from 30 to 59 in Administrative and support service activities (97%). There was an increase in the number of insolvencies for all major industries during the period. The smallest increase was in Manufacturing, where the number went from 40 to 51 (28%).
Beginning next month, Statistics Iceland will henceforth be publishing announcements regarding new registrations and corporate insolvencies on a quarterly basis. Statistics on new registrations and corporate insolvencies by field of activity will be updated monthly, as before.
| New registration and insolvencies | ||||||
| February | March–February | |||||
| 2016 | 2017 | % | 2015-2016 | 2016-2017 | % | |
| New registration | ||||||
| Total | 241 | 257 | 7 | 2,430 | 2,714 | 12 |
| A Agriculture, forestry and fishing | 9 | 6 | -33 | 92 | 81 | -12 |
| C Manufacturing | 16 | 10 | -38 | 88 | 104 | 18 |
| F Construction | 24 | 60 | 150 | 299 | 395 | 32 |
| G Wholesale and retail trade; repair of motor vehicles and motorcycles | 27 | 20 | -26 | 274 | 267 | -3 |
| H Transportation and storage | 5 | 3 | -40 | 45 | 66 | 47 |
| I Accommodation and food service activities | 13 | 17 | 31 | 160 | 167 | 4 |
| J Information and communication | 18 | 20 | 11 | 174 | 197 | 13 |
| K Financial and insurance activities | 28 | 18 | -36 | 359 | 361 | 1 |
| L Real estate activities | 39 | 48 | 23 | 383 | 431 | 13 |
| M Professional, scientific and technical activities | 25 | 19 | -24 | 223 | 229 | 3 |
| N Administrative and support service activities | 21 | 24 | 14 | 185 | 281 | 52 |
| Other activities | 16 | 12 | -25 | 148 | 135 | -9 |
| Insolvencies | ||||||
| Total | 131 | 67 | -49 | 630 | 974 | 55 |
| A Agriculture, forestry and fishing | 1 | 1 | 0 | 20 | 30 | 50 |
| C Manufacturing | 9 | 5 | -44 | 40 | 51 | 28 |
| F Construction | 27 | 14 | -48 | 132 | 179 | 36 |
| G Wholesale and retail trade; repair of motor vehicles and motorcycles | 32 | 14 | -56 | 116 | 184 | 59 |
| H Transportation and storage | 2 | 4 | 100 | 17 | 24 | 41 |
| I Accommodation and food service activities | 9 | 6 | -33 | 43 | 57 | 33 |
| J Information and communication | 4 | 4 | 0 | 34 | 59 | 74 |
| K Financial and insurance activities | 12 | 3 | -75 | 44 | 82 | 86 |
| L Real estate activities | 11 | 6 | -45 | 67 | 100 | 49 |
| M Professional, scientific and technical activities | 12 | 2 | -83 | 50 | 85 | 70 |
| N Adminstrative and support service activities | 5 | 3 | -40 | 30 | 59 | 97 |
| Other activities | 7 | 5 | -29 | 37 | 64 | 73 |
Statistics:
New registration
Insolvencies