Neuchatel, Switzerland (GenevaLunch) – One year on, almost 10 percent of new businesses have already gone under, according to a time-series study by the Federal Statistical Office (FSO) of businesses set up between 2003 and 2007. Only 50 percent of the companies founded in 2003 were still in business five years later, although the FSO points out that the jobs lost by failed businesses are partly made up for by those that survive and expand.

The number of businesses and the jobs they create vary between industries: construction and industrial companies have a greater rate of survival than companies providing services in the hotel, teaching or financial industries, for example, though these create many more jobs than the more capital-intensive industrial sectors.

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