Press Requests for normal business insolvency in May 2022 up 8.4% on the previous month

Press release No. 241 of 13 June 2022

• Business insolvencies, 1^st quarter of 2022: -7.4% on the same quarter of the previous year

• Consumer insolvencies, 1^st quarter of 2022:  -24.9% on the same quarter of the previous year

WIESBADEN – Based on provisional data of the Federal Statistical Office (Destatis), the number of requests for normal business insolvency in Germany increased by 8.4% in May 2022 compared with April 2022. The decrease observed in April (-20.8% on March 2022) did not continue. During the Covid-19 pandemic, insolvency figures decreased, at times considerably, as a result of special legal regulations and financial support. There have not been any special pandemic-related regulations in force since May 2021.

More information:

Detailed data are provided in tables 52411 (Insolvencies) of the GENESIS-Online database.