From February to June 2020, the number of bankruptcies showed a sharp increase as a consequence of the spread of the coronavirus in Sweden and the world. Bankruptcies in the industry of trade in motor vehicles grew the most in June 2020, by 86 percent compared to the same month last year. In the restaurant and hotel sector, bankruptcies increased by 76 percent compared to June 2019. By comparison, the amount of bankruptcies of constrution companies decreased by eight percent from last year.
The first case of the coronavirus in Sweden was confirmed on February 4, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
Growth in bankruptcies after the coronavirus outbreak in Sweden from February to June 2020, by industry
(compared to the previous year)
Feb
Mar
Apr
May
Jun
Trade in motor vehicles (incl. service)
-22%
-28%
41%
43%
86%
Restaurant and hotel
48%
123%
141%
54%
76%
Information and communication
43%
25%
65%
-19%
29%
Wholesale
0%
28%
57%
8%
22%
Transportation
21%
105%
-11%
-8%
20%
Surveillance, real estate services, office services, etc.
39%
39%
13%
-11%
6%
Law, economics, science and technology
39%
31%
60%
33%
3%
Retail
8%
-17%
49%
3%
-4%
Construction
0%
20%
1%
-22%
-8%
Other service companies and companies for personal services, etc.
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UC Group. (July 1, 2020). Growth in bankruptcies after the coronavirus outbreak in Sweden from February to June 2020, by industry (compared to the previous year) [Graph]. In Statista. Retrieved July 11, 2020, from https://www.statista.com/statistics/1112296/bankruptcy-growth-after-the-coronavirus-outbreak-in-sweden-by-industry/
UC Group. "Growth in bankruptcies after the coronavirus outbreak in Sweden from February to June 2020, by industry (compared to the previous year)." Chart. July 1, 2020. Statista. Accessed July 11, 2020. https://www.statista.com/statistics/1112296/bankruptcy-growth-after-the-coronavirus-outbreak-in-sweden-by-industry/
UC Group. (2020). Growth in bankruptcies after the coronavirus outbreak in Sweden from February to June 2020, by industry (compared to the previous year). Statista. Statista Inc.. Accessed: July 11, 2020. https://www.statista.com/statistics/1112296/bankruptcy-growth-after-the-coronavirus-outbreak-in-sweden-by-industry/
UC Group. "Growth in Bankruptcies after The Coronavirus Outbreak in Sweden from February to June 2020, by Industry (Compared to The Previous Year)." Statista, Statista Inc., 1 Jul 2020, https://www.statista.com/statistics/1112296/bankruptcy-growth-after-the-coronavirus-outbreak-in-sweden-by-industry/
UC Group, Growth in bankruptcies after the coronavirus outbreak in Sweden from February to June 2020, by industry (compared to the previous year) Statista, https://www.statista.com/statistics/1112296/bankruptcy-growth-after-the-coronavirus-outbreak-in-sweden-by-industry/ (last visited July 11, 2020)
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