Destatis: German local courts report 1,624 business insolvencies in February 2018; 2.8% increase YoY

WIESBADEN, 10-May-2018 — /EuropaWire/ — In February 2018 German local courts reported 1,624 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a 2.8% increase compared with February 2017.
In February 2018, the largest number of business insolvencies was recorded in construction (306 cases). 276 requests for insolvency proceedings were filed by businesses of the wholesale and retail trade sector (including repair of motor vehicles and motorcycles). In accommodation and food services, 195 requests were reported.
Basic data and long time series are available in tables Insolvency proceedings (enterprises) (52411-0004) and Insolvency proceedings (other debtors) (52411-0009) in the GENESIS-Online database.
For further information:
Michael Ziebach,
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SOURCE: Statistisches Bundesamt (Destatis)