New enterprises in France shrink by 7.8 pct in July

PARIS, Aug. 22 (Xinhua) -- France reported a fall of new enterprises in July from a month earlier due to defavorable economic and investment climate, data released by national statistics bureau Insee showed on Wednesday.

At the end of July, France numbered 43,756 new firms, down by 7.8 percent from June as manufacturing activities reported the worst loss of 16.1 percent, according to the report.

Excluding self-managed enterprises (seasonally and working-day adjusted data), births of entreprises fell by 1 percent to 20,074 over the period.

On yearly basis, enterprise births declined by 2 percent with more than one out of two enterprise births were self-managed enterprises, totalling 187,170.