Corporate bankruptcies: The number of company bankruptcies has increased significantly

The number of corporate bankruptcies in Germany rose again in July. The district courts registered 2,373 filed company insolvencies, eight percent more than in the same month last year, as the Federal Statistical Office announced. According to the German Chamber of Commerce and Industry (DIHK), this was the highest July value in 13 years.

The number of corporate bankruptcies also rose in the first seven months of the year. From January to July, a total of 15,185 corporate bankruptcies were registered, 6.9 percent more than in the same period last year. Companies from the transport and warehousing sectors as well as from the hospitality and construction industries were particularly affected.