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MNI BRIEF: German Insolvencies Slowed In June, Outlook Uncertain - IWH

MNI (LONDON) - The number of German firms going bankrupt fell for the second month in row in June,  according to the Leibniz Institute for Economic Research Halle (IWH), though with the number of companies going bust expected to rise in July the outlook for the summer is uncertain.

Some 1,169 partnerships and corporations went insolvent in June, around 8% fewer than in May, but 11% higher in June 2023. Some 9,500 jobs were lost among the largest 10% of firms affected last month, around a third fewer than at the same time last year.

"We expect the insolvency figures to rise again slightly in July," IWH’s Steffen Mueller said, adding that there is still no stable trend expected over the coming months.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Policy NewsHomepageCEEMEAEurozoneGermanyBriefGlobalStoryRegion
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Policy NewsHomepageCEEMEAEurozoneGermanyBriefGlobalStoryRegion

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