The number of German businesses filing for bankruptcy was down last month, after reaching a 20-year high in April, according to new figures published Tuesday.
Across Germany, 1,478 businesses declared insolvency in May, a decline of 9% compared to the previous month, though 17% higher than in the same month last year, the Halle Institute for Economic Research (IWH) said.
Insolvency figures were particularly high among construction, trade and manufacturing businesses in May,…
