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Swiss company bankruptcies on the rise

Published on September 3, 2024

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Swiss company bankruptcies on the rise — A growing number of firms are going bust Keystone-SDA

Generated with artificial intelligence.

This content was published on September 3, 2024 - 16:26

The number of Swiss bankruptcies continues at a higher pace than last year, while the number of new business start-ups fell in August.

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The number of deletions from the commercial register last month rose by 7% year-on-year to 2,224, according to a Creditreform press release published on Tuesday.

In the first eight months of the year, this figure reached 21,866, an acceleration of 6.7%.

For the year as a whole, the organisation expects around 32,400 deletions from the commercial register, up 5.4% year-on-year and a third more than in 2004.

At the same time, new entries in the commercial register fell by 3.4% last month. Since the beginning of the year, they have totalled 35,210, a gain of 2%. By December, business start-ups should total 53,300, 3.2% more than in 2023.

Translated from German by DeepL/mga

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to [email protected].

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