A total of 718 insolvencies have been recorded, reaching a cumulative figure in 2022 of 4,237 insolvencies filedShoe store, in a commercial street in Madrid.|Europe Press.Business insolvencies have grown by 90% in September.It represents the biggest rebound of the decade, as anticipated by THE OBJECTIVE.The supply crisis, inflation and uncertainty about government measures cause company closures and job losses.Specifically, a total of 718 insolvencies have been recorded, 90.5% more than in the same period of 2021, reaching a cumulative figure in 2022 of 4,237 insolvencies filed.Until May of this year, they explain to this newspaper from Solunion, we were in an "anesthetized" situation in the presentation of contests, with an accumulated annual drop of -7.3%.However, as of June, this trend has changed, with percentage growth occurring this quarter, reaching a cumulative increase of 11.1% in September.These are some of the main conclusions of the analysis and reports carried out by Solunion, the credit, surety and service insurance company associated with commercial risk management.The acceleration of situations of financial insufficiency has especially had an impact on the variation in the number of contests in the primary sector -it has multiplied by 2.5-.Also in the tasks of processing and agri-food production, with an increase of 40% and, in agri-food wholesalers, with an increase of 35%.The crisis that leads companies to close down, influenced by the macroeconomic deterioration in certain sectors, which various organizations have been confirming -from the Bank of Spain to BBVA– has as its main origin the end of the bankruptcy moratorium at the end of June and the need in months that follow of presenting voluntary competition, adduce from Solunion to this newspaper.«After this sudden change in trend, by 2022 our estimate is a growth in contests of over 20%.This projection will be conditioned by factors such as the impact that the new Bankruptcy Law may have, the pressure of inflation in all sectors, the high prices of energy during the coming months or the difficulties of access to financing for certain companies”, indicates Jochen Wilmes, director of Risks and Information of Solunion Spain.By autonomous communities, those that registered the highest number of contests at the end of September were Madrid, Catalonia and Valencia, in correspondence to their weight in the Spanish business fabric.The Basque Country stands out, after showing a decrease of 20% until August, in September it experienced a rise of 133%.Murcia records 111 insolvencies filed and a positive variation of 79% compared to the same period of 2021. 50% of these contests are mainly concentrated in two sectors: construction, which accounts for 23%, and services, with 23.5% .The autonomous regions most linked to tourism, such as the Balearic Islands and the Canary Islands, continue to present negative percentage variations (-20% and -8%, respectively).Balearic Islands, -20%;and the Canary Islands, -8%.The experts consulted by this means believe that the last quarter can define variations in this drift.During this year, a total of 37 bankruptcy proceedings have been presented in companies with billings of more than 15 million euros, which reflects an increase of 19%, according to Solunion.And in the third quarter of 2022, there has been a strong increase in bankruptcy proceedings for companies with turnover between 15 and 50 million euros, recovering levels from the beginning of the year.According to the insurer, the general macroeconomic deterioration and the end of the state support measures coincide with the end of the bankruptcy moratorium in June and the obligation in the following months to present voluntary bankruptcy.The experts consulted by THE OBJECTIVE speak in this regard.The professor at the Center for Financial Studies (CEF), Juan Fernando Robles, anticipated in these pages the situation that is materializing in the contest data, due to financial suffocation, inflation, the rise in interest rates and the low bet by the private sector.From the General Council of Economists of Spain, the economist Antonio Pedraza indicates that the public sector already represents more than 50% of our GDP, and that the framework in which the activity of the productive fabric of this country is carried out is based "on the non-productive public spending and little encouragement and support for private investment»Copyright The Objective Media, SL 2022. All rights reserved.Sign in to The ObjectiveYou have not yet registered?creat your accountCreate your account in The ObjectiveHave you already registered?Log in into your accountEnter the email with which you registered in The ObjectiveDon't need to change password?Log in into your account