Number of business insolvencies continues to rise

The number of corporate insolvencies in Germany has increased significantly in the first half of 2024. According to Creditreform, a total of 14,590 business insolvencies were registered. This represents an increase of 22.5 percent compared to the previous year. Currently, the Federal Statistical Office is reporting increasing insolvencies in the construction industry and trade. However, there are significant regional differences regarding the number of insolvencies and industries. In terms of the number of reported insolvencies per 10,000 companies, Bremen, Berlin, and Hamburg are leading.