Analysis and Studies - Studies
In Switzerland the Lockdown has led to a 38% reduction in business start-ups
April 21st 2020
After the Lockdown, the number of new businesses being set up in Switzerland fell by 38% compared with the same period of the previous year. 63% fewer companies were set up in Ticino, and several Cantons in the French-speaking area of Switzerland also reported reductions of more than 50%. Of the different sectors, the arts and entertainment sector reported the largest reduction, at 51%.
CRIF AG has looked at how many new businesses were established after the Lockdown and compared this number with the same period of the previous year. The period under observation lasted for one month. All in all, 2,143 companies were set up in Switzerland during this time. This is 38% fewer than last year. The number of company start-ups has fallen in every canton. The worst affected are the Cantons of Appenzell Innerrhoden (-74%), Ticino (-63%), Glarus (-56%), Freiburg (-53%) and Geneva (-52%).
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