The number of business insolvencies in Germany rose by 2.4 percent in June compared to the previous year. In April, the 2,125 business insolvencies represented an 11.5 percent increase from the same month in 2024. The sectors most affected by insolvency are transport and warehouse storage, construction, and accommodation and food services. The total value of reported insolvencies in April was about €2.5 billion, down from €11.4 billion in April 2024, indicating a rise in smaller company failures. The government is attempting to revitalize the economy through tax cuts, though challenges remain due to external pressures like US tariffs.
The number of business insolvencies filed in Germany increased by 2.4 percent in June compared to the previous year, according to data released by Germany's statistical office (Destatis).
In April of this year, German courts reported a total of 2,125 business insolvencies, which reflects an 11.5 percent increase compared to April in 2024.
The total value of the reported insolvencies in April was approximately €2.5 billion, down from €11.4 billion in April 2024, indicating more smaller companies are failing.
Sectors with the highest rates of insolvencies included transport and warehouse storage, followed by construction, and accommodation and food services, highlighting industry-specific challenges.
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