Press Start-ups of larger businesses up 2.7% in the 1^st quarter of 2022

Press release No. 197 of 11 May 2022

• 0.5% more start-ups of larger businesses compared with the pre-crisis level (1^st quarter of 2019)
• Number of small business start-ups 3.2% above the previous year's level, but 22.0% below the pre-crisis level
• Complete business shutdowns increased by 6.2% from the same quarter a year earlier and decreased by 12.6% compared with the pre-crisis level

WIESBADEN - In the 1^st quarter of 2022, just over 35,000 businesses were started in Germany whose legal form and number of employees suggest that they have greater economic importance. Based on an evaluation of business notifications, the Federal Statistical Office (Destatis) reports that this was an increase of 2.7% compared with the same quarter a year earlier, which was still impacted by the Covid-19 crisis. The number of newly established businesses was also 0.5% above the pre-crisis level (1^st quarter of 2019).

Basic data and long time series are available in table Business notifications (52311-0001) in the GENESIS-Online database.