Corporate Insolvencies Surge as Economic Challenges Mount

Rising Production Costs, Labor Expenses, and Interest Rates Drive Insolvencies Higher

Germany is experiencing a sharp increase in corporate insolvencies due to a confluence of economic factors, including rising production costs, labor expenses, and a significant increase in interest rates. Experts predict that this trend will continue as businesses struggle to cope with these challenges.

40% Increase in Major Insolvencies

In the first six months of 2024, the number of large-scale corporate insolvencies increased by 40%, according to exclusive figures. This alarming statistic highlights the severity of the situation and the challenges facing businesses.

Highest Number of Corporate Insolvencies Since 2015

The number of corporate insolvencies has reached its highest point since 2015. In the first half of 2024, Creditreform registered 11,000 insolvencies, a significant increase from the same period in the previous year.

Persons and Capital Companies See Surge in Insolvencies

Both persons and capital companies have experienced a surge in insolvencies. In comparison to the same month in the previous year, the number of insolvencies increased by 34% to 762, according to statistics from the...