Fewer construction bankruptcies - market remains tough

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Fewer construction bankruptcies - market remains tough
Photo: Jessica Gow/TT

A total of 1,933 construction companies went bankrupt last year. Nine out of ten construction companies that went bankrupt had fewer than 10 employees. A total of 5,176 employees were affected by construction bankruptcies last year.

"We see a small improvement, but many small businesses are forced to fight for every krona earned," says Johan Deremar, economist and forecaster at the Swedish Construction Association, in a press release.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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