German corporate insolvencies dip for first time since February

The number of corporate insolvencies in Germany has fallen for the first time since February, the Federal Statistical Office said on Friday.

In May, local courts registered 1,995 applications for corporate insolvencies – 2% fewer than in the same month the previous year.

Over the longer period from January to May, however, corporate insolvencies rose by just under 5% to 10,546.

Creditor claims registered by local courts from January to May…