More than 10 thousand companies were created in the country during the third quarter

More than 10 thousand companies were created in the country during the third quarter

A total of 10,034 companies were created in the country during the third quarter, which represents a growth of 1.87% compared to the April-June period, according to the report Demographics of Uruguayan Companies that elaborates the INE.

In the year-on-year comparison, the improvement in birth of companies reaches 2.33% compared to July-September 2022, which demonstrates the dynamism of the private sector. At the same time, they closed 6,490 signatures, which represents a quarterly variation of 4.16% that decreases to 2.11% year-on-year.

Instead, they started the cessation of activities 9,920 companies, a decrease of 6.33% compared to April-June and they restarted 1,441 companies carried out their tasks, which represents a quarterly improvement of 0.49%.

In this way, the existing companies in the country there are 186,015, against the 183,830 that there were in the second quarter, according to data from the INE.

Embed – https://publish.twitter.com/oembed?url=https://twitter.com/ine_uruguay/status/1738244860308828285&partner=&hide_thread=false

What is the survival of companies over time?

On the other hand, when studying the survival In the first year of life of companies born between 2018 and 2021, there is a similar pattern. In that period, 74.91% of those born in 2018, 74.07% of those born in 2019, 77.13% of those born in 2020 and 76.74% of those born in 2021 remained standing.

However, when comparing the same data to the third year of the company’s life, a noticeable drop is seen, since 43.64% of those born in 2018 and 45.21% of those born in 2019 survive.

Improved job creation

The survey also indicated that there was an improvement in the creation of Job positions, with the creation of 12,577 job opportunities, a quarterly improvement of 4.64%. In contrast, 8,986 were lost jobs, a variation of 3.99% compared to April-June.

Finally, they started cessation 13,273 employees, which represents a negative variation of 12.20% compared to the second quarter, while they restarted its activities 1,960 people, which represents a quarterly decrease of 5.90%.

With these figures, the total of busy staff It stood at 921,187 in the third quarter, being higher than the 918,374 surveyed in the previous report.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts