Bankruptcies surged in Germany in July, with the number of registered insolvencies rising higher year on year than in any previous month since October 2024.
Preliminary figures from the Federal Statistical Office showed 19.2% more insolvencies were recorded by local courts than in July 2024, suggesting that Chancellor Friedrich Merz’s efforts to revive Europe’s largest economy are yet to make an impact on private businesses.
While May saw the first decline in bankruptcy figures since March 2023, the…