The number of insolvencies of partnerships and corporations remains high in Germany. As the Leibniz Institute for Economic Research (IWH) in Halle/Saale (Saxony-Anhalt) announced on Thursday that the number of insolvencies in July was around six percent above the average for July in the years 2016 to 2019, i.e. before the corona pandemic and the Ukraine war. According to the information, the IWH recorded a total of 1025 insolvencies of partnerships and corporations. Compared to July 2022, this means an increase of 44 percent.
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As a result of the bankruptcies, around 9,300 jobs were lost in the ten largest companies last month, most of them in trade and industry. However, the IWH sees an end to the increase in insolvencies after the current high numbers. According to a statement, no significant increase in the number of insolvencies is expected for the next two months.
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For its analyses, the IWH evaluates the current insolvency announcements of the German register courts. These are linked to balance sheet ratios of the companies concerned. According to the institute, this means that reliable findings on the nationwide insolvency situation for partnerships and corporations can be provided much faster than with the official statistics.
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