Official statistics from German Federal Statistical Office

German Bankruptcies Surge 13.5% YoY in July to Decade High

Aug 9, 2024, 09:02 AM

The number of bankruptcies in Germany rose unexpectedly in July, reaching the highest level in about ten years. Preliminary indicators show that regular corporate insolvencies increased by 13.5% year-on-year in July. In May, insolvencies had already risen by almost a third from the previous year, with a confirmed growth rate of 30.9% year-on-year, reflecting creditors' claims.