Business · Companies · 10 hrs ago

France Records 119,000 New Businesses in September

France Records 119,000 New Businesses in September

France recorded a record 119,000 business creations in September, according to the national statistics agency, Insee.

Microbusinesses accounted for three-quarters of the new businesses, though the number of more traditional businesses also rose notably.

The record came as the economy slowed, with the Bank of France forecasting just 0.1% GDP growth in the third quarter.

Commerce was among the strongest sectors, with new businesses up 4% from August and close to 15% higher than a year earlier.

Business support and real estate also saw increases, while hospitality, industry and household services declined in September.

Information and communications, which had grown strongly over the past year, also fell slightly that month.

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