Corporate Bankruptcies in Germany Surge to Highest Levels in Nearly a Decade

New data reveals a 12.6% year-over-year increase in November insolvencies, with experts predicting further rises in 2025.

Germany recorded a 12.6% increase in corporate insolvencies in November 2024 compared to the same month last year, continuing a trend of double-digit growth since mid-2023.
From January to September 2024, 16,222 corporate insolvencies were filed, a 22.2% rise compared to the previous year, with transportation, construction, and hospitality sectors most affected.
The total creditor claims for the first three quarters of 2024 reached €45.6 billion, more than double the €21.1 billion reported in the same period in 2023.
Economic challenges such as high energy costs, supply chain disruptions, and reduced consumer spending are cited as key drivers of the insolvency surge.
Experts predict insolvency figures could surpass 32,000 cases in 2025, potentially reaching levels not seen since the 2009 financial crisis.