Amid Germany’s economic downturn, the number of companies in the country filing for bankruptcy rose by 16.8% in 2024 compared to the year before, according to a report from the Federal Statistical Office released on Friday.
In the final month of the year, insolvency filings rose by 13.8% compared to the same month in 2023, the agency said.
The figures only include bankruptcy cases in which a court has made a first decision, the agency emphasized. For most companies, the initial bankruptcy filing was usually about three months prior to the decision date.
In October, the most recent month for which final data is available, the figures shot up. Local courts reported 2,012 corporate bankruptcy filings – 35.9%…
