October 2017: 1.0% more business insolvencies than in October 2016

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

Headline: October 2017: 1.0% more business insolvencies than in October 2016

WIESBADEN – In October 2017, German local courts reported 1,637 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a 1.0% increase compared with October 2016.The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to just under 1.7 billion euros in October 2017. In October 2016, they totalled roughly 1.5 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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