A wave of insolvencies is sweeping across Germany: the economy is under pressure. Based on 10,000 companies, there were a total of 4.5 company bankruptcies in Germany in November.
Most were in the transport and storage sector with 9.6 cases. This was followed by other economic services (such as temporary employment agencies) with 7.5 cases. In December 2023, the increase was 12.3 percent, less than half as high. The local courts put the creditors' claims at around 1.5 billion euros for November.