Authored by Tyler Durden via Zerohedge

A total of 1,394 companies moved their headquarters from Catalonia to other regions of Spain between 2 and 23 October, according to data from the Association of Commercial Registrars of Spain. On Monday, a total of 92 companies emerged, after recording highs at the end of last week.

As El Economista reports, the vast majority (1,255) of the companies that left Catalonia had their headquarters in the province of Barcelona, ??while 25 left Gerona, 57 moved from Lleida and 57 did so from Tarragona.

In the period between 2 and 9 October, the number of companies leaving Catalonia was 219 entities, while this figure rose to 551 companies until day 11, to 700 companies until October 16, to 805 until day 17, 917 until Wednesday 18, 1,185 until Thursday 19 and 1,302 until Friday 20. With the departures of Monday 23, there are already 1,394 companies.

The days with the greatest number of transfers of headquarters of Catalonia were 19 of October, with 268; on October 9, with 212 outgoing entities, and on October 10, with 177 companies. After the rebound experienced from day 16 (68 transfers), when the trend was that each day increased the number of exits, to the maximum of 19 (268 transfers), on Friday decreased the number of companies that changed their registered office outside of the community (117), a decline that continued this week (92 on Monday).

Without taking into account weekends or holidays, every 15 minutes and a half leaves a company from Catalonia.

The opposite way

For its part, a total of 55 companies from outside Catalonia moved their headquarters to the region between 2 and 23 October, 48 of them to the province of Barcelona.

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We wonder how that ratio will change after today…


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