November 2024 Foundations Report: a surprising decline in November

Between January and November of this year, 47,983 new companies were created, corresponding to an increase of 2.22%. Compared to the previous year (46,943), this represents an additional 1,040 business start-ups.

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Strong Northwestern Switzerland

Northwestern Switzerland was the only region in Switzerland to record an increase in the number of company start-ups. A total of 991 new companies were registered, representing an increase of 12.87% on October. In November 2023, there were 961 entries in the commercial register, 3.12% more than last month.
In the Canton of Berne in particular, more companies were set up this month than last month and last year. With 384 new start-ups, this represents an increase of 29.73% on the previous month. Compared to the previous year, this represents an increase of 17.79%. The canton of Aargau also recorded solid growth, with 16.29% more new companies created than in October.

Deep plunge in Ticino

In Ticino, 173 companies were created in November, representing a decline of -23.45% on October. No other region recorded such a sharp drop compared to the previous month. The year-on-year drop is also striking: while there was only a slight decline of 0.48% nationwide, the number of business start-ups fell by -11.73% in Ticino.

Eastern Switzerland down

With 482 business start-ups in November, Eastern Switzerland recorded a decline of -15.29% on the previous month. Within the region, however, there were both positive and negative trends.
The cantons of Glarus and Appenzell Innerrhoden posted impressive growth: Glarus recorded 25 start-ups, an increase of 78.57%, and Appenzell Innerrhoden achieved growth of 66.67% with 15 start-ups. They are thus among the regions with the highest percentage growth in November.
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The canton of St. Gallen, which is usually the region's biggest company creator, recorded just 187 business start-ups in November, corresponding to a decline of -32.49% on the previous month.

Outlook

Contrary to our expectations, business start-up activity fell slightly by -0.48% in November. In view of the fact that, in previous years, an increase has regularly been recorded in December, we are confident that the outlook for business start-ups will remain positive.

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