The death rate of Italian businesses
rose in 2013 for the third year running to 8.5 percent compared
to 8.1 percent in 2012, with business survival rates declining
across all sectors from services to construction, national
statistics office Istat said on Thursday.
A total of 333,305 businesses shut down in 2013 under the
weight of a deep economic recession, after 320,511 closed their
doors in 2012, statistics from Istat showed.
More than 276,000 businesses were born in 2013, with the
birth rate increasing slightly to 7.1 percent from 7.0 percent
in 2012.
The net turnover rate, which measures the difference
between the birth rate and the death rate, was negative for the
sixth consecutive year, at -1.5 percent in 2013.
Business survival rates after one year of operations fell
to 76.1 percent in 2013 from 81.1 percent in 2012, with the
decline affecting all sectors, particularly services.
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