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Birth of new enterprises in France slightly up in March

Xinhua, April 12, 2016 Adjust font size:

France registered a 0.2 percent rise in the number of new enterprises set up in March from a month earlier, official data showed on Tuesday.

Last month, Europe's second largest economy saw the creation of 45,875 new firms, up from 45,804 companies created in February, as a 16.7-percent growth in industrial activities offset a sluggish construction sector (down 6.4 percent), according to the French national statistics bureau Insee.

Excluding self-managed businesses (adjusted for seasonal and working-day data), the establishment of enterprises rose by 1.4 percent to 26,972 over the period.

On a yearly basis, the formation of new firms decreased by 1.9 percent due to "a significant drop," in self-managed micro-entrepreneur set-ups which shrunk by 18.4 percent, according to the Insee report. Endit