In Switzerland fewer start-ups in the 2nd quarter, but a record 24% more start-ups in June

CRIF AG has looked at how many new businesses were established in the 2nd quarter and how many companies went out of business. All in all, 11,413 companies were set up in Switzerland during this time. This is 5.3% fewer compared with the 2nd quarter of the previous year. 7,065 companies were also deleted from the Commercial Register during the same period. This represents 547 fewer deletions than in the same period of the previous year. After a drastic reduction in the number of companies being set up in some places in April and May, June saw a record total of 4,486 start-ups. This represents a growth of 24% compared with June 2019, when 3,616 new businesses were established.

Most of the new company entries were registered in the Cantons of Zurich (1,951), Bern (1,030) and Vaud (937). On the other hand, the steepest fall was reported by Ticino, with 22.3% fewer business start-ups, and by the French-speaking Swiss Cantons of Geneva (-21.2%), Vaud (-18.3%) and Neuchâtel (15.3%). This is another consequence of the corona crisis, as these areas were affected more badly by the virus.

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