The number of corporate insolvencies has increased since May 2018. Coface expects this trend to continue in 2019 (+1%), in a context of growth hampered both by a less favourable international environment (less dynamic growth in the rest of the world, greater protectionism), and by ongoing supply constraints (capacity utilisation rates and recruitment difficulties are at their highest since 2007). While the scale of this rise in the number of insolvency procedures is modest and nowhere near enough to cancel out the improvements observed between the start of 2017 and May 2018 (-11%), it is likely to affect a diverse and varied range of businesses.
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