Business insolvencies down 6.7% in the 1st half of 2017

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

Headline: Business insolvencies down 6.7% in the 1st half of 2017

WIESBADEN – German local courts reported 10,246 business insolvencies in the first six months of 2017, which was a decline of 6.7% compared with the same period a year earlier. The Federal Statistical Office (Destatis) reports this on the basis of provisional results. The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to nearly 9.4 billion euros in the first half of 2017. In the first six months of 2016, they totalled roughly 16.0 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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