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MNI BRIEF: German Insolvency Rates Hit 14-Yr High - IWH

Weakened economy and post-Covid catch-up sees further deterioration in firm data.
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MNI (LONDON) - The number of German firms going bust rose 2% month-on-month in September to reach its highest level since 2010, according to the latest IWH Insolvency Trend, with around 23,000 jobs lost at the largest 10% of companies affected.

Some 3,990 partnerships and corporations were declared insolvent in Q3 2024, the most in a single quarter in the last 14 years. The number of employees affected was more than 50% August’s figure, 75% higher than in September 2023 and nearly four times above the September average between 2016 to 2019.

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MNI (LONDON) - The number of German firms going bust rose 2% month-on-month in September to reach its highest level since 2010, according to the latest IWH Insolvency Trend, with around 23,000 jobs lost at the largest 10% of companies affected.

Some 3,990 partnerships and corporations were declared insolvent in Q3 2024, the most in a single quarter in the last 14 years. The number of employees affected was more than 50% August’s figure, 75% higher than in September 2023 and nearly four times above the September average between 2016 to 2019.

Keep reading...Show less