Business insolvencies down 18.8% in October 2016

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

Headline: Business insolvencies down 18.8% in October 2016

WIESBADEN – In October 2016, German local courts reported 1,621 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a decline of 18.8% compared with October 2015. This means that, with the exception of September 2016 (+3.6%), the number of business insolvencies recorded each month was lower compared with the same month a year earlier since December 2015. The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to approximately 1.5 billion euros in October 2016. In October 2015, they totalled roughly 1.3 billion euros.

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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