1,297 companies went bankrupt in Germany in March - a new high since the survey began in 2016. At least 11,000 jobs were affected by the bankruptcies in March in the largest ten percent of companies alone.
Experts at the Federal Statistical Office expect the number of bankruptcies to rise to around 20,000 this year. The full extent of the expiry of Corona aid may not yet have been priced in. Tens of thousands of companies have apparently failed to report back to the responsible authorities about the Corona aid they have received. For comparison: in 2023 there were 17,814. bankruptcies. in the real estate and housing sector. Compared to 2020, there was also an increase of 148 percent in company bankruptments in theReal Estate and Housing sector. The breakdown by industry is also interesting. sectors such as the transport sector, but also industry, are nowhere near as affected by bankruptcies as "would be expected based on the complaints from the sectors," according to the IWH.