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MNI BRIEF: Better August Insovency Data No Guide To Trend- IWH

German insolvencies expected to tick up after slight summer fall, IWH says
BundesbankCentral Bank NewsPolicy NewsStoryCEEMEAEurozoneGermanyBriefGlobalEuropean Central BankRegion

MNI (LONDON) - The number of German firms that went bust in August fell slightly after July’s steep rise, new data published by Leibniz Institute for Economic Research Halle (IWH), with the number of insolvencies expected to rise again in September and October.

More than 1,280 partnerships and corporations were declared insolvent last month -- 9% fewer than in July, but 27% more than the same time last year, with Baden-Württemberg, Bavaria and Saxony the worst affected federal states. Around 15,000 jobs were lost in the top 10% of firms affected - half the number seen in August, but more than 39% above the level observed in August 2023 and 84% above the typical August average between 2016 and 2019.

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MNI (LONDON) - The number of German firms that went bust in August fell slightly after July’s steep rise, new data published by Leibniz Institute for Economic Research Halle (IWH), with the number of insolvencies expected to rise again in September and October.

More than 1,280 partnerships and corporations were declared insolvent last month -- 9% fewer than in July, but 27% more than the same time last year, with Baden-Württemberg, Bavaria and Saxony the worst affected federal states. Around 15,000 jobs were lost in the top 10% of firms affected - half the number seen in August, but more than 39% above the level observed in August 2023 and 84% above the typical August average between 2016 and 2019.

Keep reading...Show less