Overview
- The Federal Statistical Office reported 2,067 corporate insolvency filings in the most recent month and 17,252 filings year-to-date, and it recorded 6,301 consumer insolvencies in the most recent month and 52,344 year-to-date.
- Total creditor claims from corporate insolvencies fell to about €25.9 billion year-to-date compared with roughly €37.2 billion the prior year because fewer economically significant large firms entered formal insolvency.
- Insolvency frequency is concentrated in a few sectors, with Transport and Storage, Accommodation and Food Services, and Construction showing the highest cases per 10,000 companies.
- Destatis cautions that figures are recorded only after a court's first decision and often lag the actual application date by about three months, and the statistics cover only cases that proceed through formal insolvency proceedings.
- Business groups warn the rise in filings reflects strained reserves and high cost pressure on smaller firms, which could raise supply chain stress and prompt renewed calls for policy relief to support the middle market.