Economic crisis: number of company bankruptcies increased massively in July!

Economic crisis: number of company bankruptcies increased massively in July!

The economic situation in Germany remains tense, while the number of company bankruptcies is rising sharply. According to a spokesman for the German Chamber of Commerce and Industry, the current economic crisis is continuing. This development became particularly clear in July, as applications for regular insolvency also began to increase.

However, these applications in particular are only included in the official statistics after a court decision. This means that the actual date of the insolvency application can often be up to three months before the court's decision. This lag in statistics makes it difficult to get a precise picture of the economic situation. The liquidity of many companies has been severely affected after just two years of recession, which is adding to the industry's worries.

Insolvency data in detail

The interaction between the reports on the bankruptcy notices.de platform and the official statistics from the courts is crucial. This data is currently difficult to access because it is often only recorded after legal clarification. Analyzes show that the actual economic situation provides evidence of the current crisis much earlier than formal statistics suggest.

The German economic area is therefore faced with a growing number of bankruptcies, which is fueled by ongoing economic uncertainty. The development in July provides an outlook on the upcoming challenges that companies will have to face in the current market environment.

For a detailed analysis of the current situation and the background to the bankruptcies, those interested can consult the reporting on Deutschlandfunk and Spiegel: Deutschlandfunk reports as well as Spiegel offers further information.