Fewer new firms in Swedish cities

There were 55,448 new companies registered at the Swedish Companies Registration Office last year. That was an increase of 0.6% compared to the year before, according to the analysis of new businesses carried out by the Jobs and Society agency.

Regions with a large element of production saw the best growth proportionally in 2005. The improvement in industry was a contributing factor to the number of new companies starting up.

One region where the number of newly registered companies rose considerably was Gnosjö, which broke its long term downward trend.

Sweden’s cities, notably Stockholm, Gothenburg and Malmö, saw the number of newly registered companies decline.

“One of the reasons could be a better job market in the big towns,” wrote Harry Goldman at Jobs and Society.

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TT/The Local