Overview

• Courts finalized 2,197 corporate insolvency applications for July, a 13.4% increase from a year earlier.
• Reported creditor claims tied to the July corporate cases rose to about €3.7 billion from €3.2 billion a year prior.
• Transport and storage shows the highest insolvency rate at 12.7 per 10,000 firms, followed by hospitality and certain business services at 9.9.
• The DIHK describes a wave of corporate failures, noting the highest July level in twelve years and warning that more than 22,000 companies could close permanently this year.
• Destatis cautions its monthly early indicator is experimental and reflects cases only after an initial court decision, typically about three months after filing.