Business insolvencies down 1.0% in August 2016

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

Headline: Business insolvencies down 1.0% in August 2016

WIESBADEN – In August 2016, German local courts reported 1,789 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a decline of 1.0% on August 2015. This means that since December 2015 the number of business insolvencies recorded each month was lower than in the same month a year earlier. The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to approximately 1.7 billion euros in August 2016.

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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