According to the agency, this figure represents a 9.4% increase compared to the same period last year.
Some 141,000 employees worked in the affected companies."Despite any signs of hope, Germany is inactive in a deep economical and structural crisis.
Companies are struggling with weak demand, rising costs and constant uncertainty" “the chief economist of Creditreform Patrik-Ludwig Hantzsch said.The situation is expected to stay hard as Germany is inactive struggling with a recession that has been going on for 2 years.
The bankruptcy wave may yet increase over the next six months, given that "persistent advanced levels of insolvency are increasingly causing chain reactions" “Hantzsch warned.While German GDP increased by a tiny 0.2% in the first 4th of 2025, weak global request and uncertainty in trade policy proceed to affect the economy.
According to a fresh survey by the Ifo economical Institute, published this week, German exporters' expectations deteriorated this period due to uncertainty about the possible trade war with Washington.
The United States was Germany's main trading partner in 2024 and the bilateral trade in goods totalled EUR 253 billion (about $280 billion), according to authoritative data.At the beginning of this year, US president Donald Trump imposed a 20% work on all goods from the EU, including 25% on steel, aluminum and cars.
When Brussels signaled its readiness to retaliate, most duties were suspended for 90 days to let negotiations.
10% of the base work and 25% of the customs work remained unchanged."US tariff threats are inactive on the table.
EU-US agreement not yet reached" – said Klaus Wohlrabe, the head of Ifo's research, adding that uncertainty lowered the expectations of exporters, and the corresponding index dropped to -7.4 points in June with -5.0 in May.
The index measures how optimistic or pessimistic German production companies are about their prospects of selling abroad in the next 3 months.
Translated by Google Translator
source:https://www.rt.com/news/620721-germany-corporate-insolvencies-record/
