The number of German companies going bankrupt is continuing to rise, credit agency Creditreform warned on Thursday.
The agency says some 11,900 companies will have filed for insolvency by the end of the first half of the year. That would be 9.4% more than in the January-June period of 2024.
Although the increase has slowed significantly – the figure for the first half of 2024 was 28.5% higher than in the same period of 2023 – the number of corporate insolvencies has nevertheless reached its highest level since 2015. At that time, Creditreform counted 11,530 company bankruptcies between January and the end of June.
“Companies are struggling with weak demand, rising costs and ongoing uncertainty,” said Patrik-Ludwig…