Germany experienced a 10.7% increase in insolvencies in August 2024 compared to the same month the previous year. The growth rate in insolvencies has indeed been in double-digit territory since June 2023, except for June 2024, when it briefly eased to 6.3%. Additionally, in the first half of 2024, German courts reported 10,702 corporate insolvencies, marking a 24.9% year-on-year increase.
🔵 NUMBER OF GERMAN INSOLVENCIES CLIMBS FURTHER IN AUGUST
Germany saw a 10.7% increase in insolvencies in August compared to a year earlier, the federal statistics office reported on Wednesday, adding to data that show persistent difficulties for companies in Europe's largest… pic.twitter.com/7j1eM75vOi
— PiQ (@PiQSuite) September 11, 2024
Sources:
finance.yahoo.com/news/number-german-insolvencies-climbs-further-062027387.html
wtvbam.com/2024/09/11/number-of-german-insolvencies-climbs-further-in-august/
www.933thedrive.com/2024/09/11/number-of-german-insolvencies-climbs-further-in-august/