Fig. 6
From: Firm bankruptcies and start-up activity in Switzerland during the COVID-19 crisis
Bankruptcies in different industries before and after start of COVID-19. Notes: The figure shows the monthly bankruptcy rate (= monthly seasonally adjusted frequency of firm bankrupcties excluding SCO Art. 731b cases divided by the stock of firms) in different industries of the Swiss economy before and after the start of the COVID-19 crisis as compared to the bankruptcy rate in the respective rest of the economy. The last month before the crisis start (= month 0) is February 2020. The dotted lines are the average bankruptcy rates over the 22 months before or after the crisis start