Unemployment fell in August in Switzerland

Unemployment fell in August in Switzerland
Unemployment fell in August in Switzerland

The dynamics of the number of companies created in Switzerland accelerated during the first eight months of the current year, especially since the much feared collapse of the economy at the start of the pandemic crisis did not occur. is not realized.

In addition, economists’ expectations for the coming months are generally “very positive”. In the first eight months of 2021, 34,113 companies were created, which corresponds to a jump of 14.3%, underlines the Swiss creditors union Creditreform in its last report published on Monday.

As long as this trend is confirmed, “we can assume that the figure of 50,000 new companies will be greatly exceeded” by the end of 2021 (51,600 more precisely), forecast the experts of the Saint-Gallois institute.

At the same time, the number of companies deleted from the trade registers, in particular due to bankruptcies, is almost at the same level as in 2020, at 19,200 after eight months, against 19,165 previously.

The net growth of companies created over the first eight months was therefore 40%, or 14,913 new firms.

In August alone, the number of corporate bankruptcies fell by 6.4% to 1,765, against 1,886 in August 2020. This shows that to date, despite the lifting of various support measures from the federal authorities for businesses remained alive, notes Creditreform.

For the last four months of the year, Creditreform expects the number of companies needing to shut down will be around 5,000, 2.1% more than the previous year.

As for the number of companies which will be deleted from the register due to “deficiencies”, according to article 731b of the Code of Obligations, it is at a slightly higher level than last year (+ 4.4%) and should increase. 2.8% at the end of 2021.

This article was published automatically. Sources: ats / awp

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