Some 581 construction firms went bankrupt between January and the end of June, out of 2,822 companies in all sectors, according to research group Dunn & Bradstreet.
The financial and service sector industries saw one of the largest percentage rises in bankruptcies with a 31% increase in businesses going bust. Some 30% more hotels and restaurants also went out of business.
“Bankruptcies increased significantly in all major sectors,” said Dunn & Bradstreet on Wednesday, highlighting a large number of service industry failures.
Amid uncertain economic conditions and a rise in interest rates, which makes it more expensive to get bank loans, the rate of start-ups declined compared to last year.
New additions to the Swiss company register fell 4% in the first half of 2022, particularly among financial start-ups that saw 27% fewer new firms than in the first six months of 2021.
Popular Stories
More
Life & Aging
Switzerland no longer wants to foot the bill for ‘suicide tourism’
As a Swiss Abroad, how do you feel about the emergence of more conservative family policies in some US states?
In recent years several US states have adopted more conservative policies on family issues, abortion and education. As a Swiss citizen living there, how do you view this development?
Swiss organisations unhappy with species protection funding
This content was published on
Swiss environmental organisations consider the financing plan adopted at the World Conference on Nature in Rome to be inadequate.
Swiss researchers make progress on malaria vaccine
This content was published on
A Swiss research team has come one step closer to developing an effective malaria vaccine. They have genetically modified the malaria parasite so that it cannot cause malaria.
Peace Prize launched to mark centenary of Locarno Treaties
This content was published on
To mark the 100th anniversary of the Locarno Treaties, the Swiss city of Locarno has launched a Peace Prize in collaboration with the Locarno Film Festival. This will be presented for the first time in August.
Swiss-built robot changes shape to adapt to terrain
This content was published on
Scientists at the Swiss Federal Institute of Technology Lausanne (EPFL) have developed a bioinspired robot capable of changing shape according to its environment.
US-EU trade dispute will have no impact on Switzerland, says Swiss president
This content was published on
Switzerland will not suffer from the consequences of the looming trade dispute between the US and the EU, according to Karin Keller-Sutter.
US ends funding for four Swiss-run children’s aid projects
This content was published on
The United States has definitively ended its funding for four projects run by the children's aid organisation Terre des hommes.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Bankruptcies rise as coronavirus bail-outs phase out
This content was published on
The number of companies and individuals declaring bankruptcy rose 9.1% last year, which coincided with a gradual withdrawal of state-backed financial support during the Covid-19 pandemic.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.