Corporate bankruptcies are decreasing, construction
Photo: Janerik Henriksson/TT

Corporate bankruptcies are decreasing, construction and restaurant industries hit hardest

Corporate bankruptcies have decreased for the fifth month in a row, according to statistics from the credit-reporting company Syna.

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In April, 797 limited liability companies went bankrupt, 15 percent fewer than in the same month last year. Since the beginning of the year, bankruptcies are down 8 percent compared with the same period last year.

According to Syna's CEO, Karl Stjerna, it has taken time to recover from the pandemic and the subsequent recession.

The construction and restaurant industries are among the hardest hit.

Remaining concerns include the war in Iran, which could test companies, not least in the form of higher energy costs.

"My assessment is that the conflict will ultimately mean that Swedish companies, both large and small, will also feel the consequences when the economy slows down," says Stjerna.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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