Press releases - Business insolvencies down 2.7% in January 2016 - Federal Statistical Office (Destatis)
WIESBADEN - German local courts reported 1,692 business insolvencies in January 2016, which was a decrease of 2.7% compared with January 2015. The Federal Statistical Office (Destatis) reports this on the basis of provisional results.
The local courts reported that, in relation to the business insolvency requests, the prospective debts owed to creditors amounted to approximately 1.1 billion euros in January 2016. In January 2015, they totalled roughly 1.2 billion euros.
Publisher: Federal Statistical Office of Germany Press Office Indication of source requested for distribution