Failures in decline for the first time in 30 months – Il Sole 24 Ore

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This article was published on June 4, 2015 at 12:03.
The last change is the June 4, 2015 at 12:13.

For the first time in thirty months fall bankruptcies in Italy. To say it is the quarterly report of Cerved, which indicates that during the first three months of 2015 were 3,800 businesses that have opened bankruptcy proceedings, nearly 3% (2.8 to be precise) less than in the first quarter of 2014.

The braking closures
The Cerved report highlights how, in total, 21,000 are businesses that have closed down between January and March between failures, bankruptcy and insolvency proceedings not voluntary liquidations: Again there was a significant decrease (-3.5%) compared to the same period last year.

Industry and construction recovery
But the good news is not over. At least for the manufacturing sector. From a sector perspective, in fact, the industry is the sector most involved in the turnaround: all procedures monitored Observatory decrease with double-digit rates. Even in construction, the sector that most of all suffered the consequences of the long economic crisis, is a turnaround, with a drop of failures, not bankruptcy procedures and voluntary liquidations. In detail, in the first quarter of 2015 there are 560 open procedures by manufacturing enterprises (-15.3% compared to the same period last year). For the manufacture of transportation the decline is as much as 36.1% (in the wake of the recent excellent results recorded by ISTAT in production and orders and also due to the strong recovery of the car market) and metallurgy (-30 , 2%). Decreases in the number of bankruptcies in construction: -2.5% compared to the same period of 2014.

Well Northwest and South. Male Northeast
The situation changes depending on the geographical areas monitored. Not without a few surprises. It observes a sharp drop in default in the Northwest (-9%) and the South (-4.2%); in contrast, however, companies in the Northeast, where the failures returned to growth (+ 5.1%) compared to the first quarter of 2014. At the regional level, four regions have significantly reduced the number of failures: Marche (-25, 3%), Tuscany (-20.1%), Sicily and Piedmont (-16.7%). On the other side, black jersey instead for Umbria (+ 29.7%), Lazio (+ 22.6%) and Abruzzo (+20.3%).

Companies are also more punctual payment
“After almost three years, data on closures are finally positive – said Gianandrea De Bernardis, managing director of Cerved – with a widespread improvement in all procedures that we monitor the Observatory. Close fewer firms and those that remain on the market before paying suppliers: with the recovery already underway in the coming months we expect a strengthening of this positive trend. “

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