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Style Number of corporate insolvencies fallen in May

14:50  08 june  2021
14:50  08 june  2021 Source:   pressfrom.com

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The number of corporate insolvencies has fallen in Germany in Germany. According to surveys from the Leibniz Institute for Economic Research Halle (IWH), the value was 11 percent among April numbers - and 30 percent below the level of the same period of the previous year.

Die Zahl der Unternehmensinsolvenzen ist gesunken. © Sebastian Gollnow / DPA The number of corporate insolvencies has fallen.

682 Personal and corporations were reported as insolvent in May 2021 nationwide in May 2021. The number of workers concerned fell by 75 percent compared to the same month of the previous year.

insolvency wave remains from

«The wave of insolvency predicted by many observers is (...) so far failed and not to be expected for the closer future," said Steffen Müller, head of IWH insolvency research. Most companies would have a functioning business model even after the pandemic.

In view of other openings and relaxations and still existing state support measures, no sudden increase in corporate insolvencies should be expected.

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