Business insolvencies down by 17.5% in July 2016

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MIL OSI – Source: Destatis Statistisches Bundesamt – In English –

Headline: Business insolvencies down by 17.5% in July 2016

WIESBADEN – German local courts reported 1,805 business insolvencies in July 2016, which was a decline of 17.5% compared with July 2015. The Federal Statistical Office (Destatis) reports this on the basis of provisional results. This means that since December 2015, the number of business insolvencies recorded each month was lower than in the same month a year earlier.Basic data and long time series are available in tables Insolvency proceedings (enterprises) (52411-0004) and Insolvency proceedings (other debtors) (52411-0009) in the GENESIS-Online database.

For further information:Michael Ziebach,tel: 49 (0) 611 / 75 28 11,contact form
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