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German Corporate Insolvency Filings Fall for First Time Since 2023

Experts caution that despite May’s slight year-on-year drop underlying economic pressures mean total insolvencies in 2025 are still projected to exceed last year’s level

Eine Beschriftung zum Räumungsverkauf an einem Schaufenster.
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Die Zahl der Firmenpleiten ist im Mai nach ersten Zahlen erstmals seit mehr als zwei Jahren zurückgegangen. Im Vorjahresvergleich beantragten 0,7 Prozent weniger Unternehmen Insolvenz, wie das Statistische Bundesamt in Wiesbaden am Freitag mitteilte.
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Overview

  • Preliminary data show 0.7% fewer corporate insolvency filings in May compared with May 2024, marking the first annual decline since March 2023.
  • Courts recorded 5,891 company insolvency petitions in the first quarter of 2025, a 13.1% increase from the same period in 2024, with creditor claims rising to 19.9 billion euros.
  • High energy costs, cumbersome bureaucracy and political uncertainty are cited by analysts as major factors driving business failures.
  • The most affected industries are traffic and storage, other economic services and construction, which saw the highest insolvency rates per 10,000 firms.
  • Consumer insolvencies climbed by 6.3% in the first quarter, underscoring wider financial stress beyond the corporate sector.