Margin of business closures to openings worst in decade
Unioncamere says new businesses not offsetting closures28 October, 13:10
Between July and September, 76,942 new businesses opened in Italy, more than offsetting the 64,008 closures recorded, meaning a net gain of 12,934 new operations across the country, said Unioncamere, which represents Italy's chambers of commerce.
However, that margin is the worst reported in 10 years as Italy struggles through its worst recession in more than two decades, according to Unioncamere.
The numbers were released during the Assembly of Unioncamere in Genoa.
Slightly more new businesses opened in the third quarter of this year compared with 2012, when 75,019 openings were recorded, the statistics showed.
But closures between July and September 2013 hit the second-highest level in ten years, the numbers showed.
The worst period for closures was in 2007 when 68,524 shut down.
Artisans have been the worst hit in 2013, with 1,845 fewer craftspeople in businesses.