Bullish indicating open at $55-$60, IPO prices at $37
Investing.com -- German business insolvencies registered in July increased by 19.2% compared to the same month last year, according to preliminary figures released by the German statistics office on Monday.
The rise in business failures highlights the economic challenges facing Chancellor Friedrich Merz’s government as it works to stimulate growth in Europe’s largest economy.
The statistics office noted that many of these insolvencies were actually initiated approximately three months before they were officially registered.
In its statement, the office also provided final figures for May, showing that business insolvencies that month rose by 5.3% year-on-year.
Despite the increase in the number of cases, the total volume of creditors’ claims decreased to €3.2 billion ($3.73 billion) in May, down from €3.4 billion in May 2024.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.