Germany’s corporate insolvencies rose slightly in October, according to figures released on Thursday by a leading German economic research institute.
The Halle Institute for Economic Research (IWH) recorded 1,683 company insolvencies during the month, up 1% from September and 9% from October last year.
Compared with the average of the month of October from 2016 to 2019 – before the coronavirus pandemic – the figure was 83% higher. “Insolvency figures continue to be at an exceptionally high…