BERLIN, Aug. 13 (Xinhua) -- Germany's corporate insolvencies remain at an exceptionally high level and are expected to stay elevated in the coming months, the country's Economy Ministry said in a monthly report on Thursday.
Citing the latest insolvency trend from the Halle Institute for Economic Research (IWH), the Federal Ministry for Economic Affairs and Energy said more than 18,000 companies filed for insolvency between August 2025 and July 2026, up 8.3 percent from the same period a year earlier.
In July alone, 1,689 companies filed for insolvency, 75 percent above the average for the same month in the pre-pandemic years from 2016 to 2019. The IWH described the level as "exceptionally high".
More than 13,000 jobs were affected among the largest 10 percent of insolvent companies in July, including nearly 6,000 in industry, according to the data.
"The prolonged crisis has apparently depleted the reserves of many smaller companies," said Steffen Mueller, head of insolvency research at the IWH. He warned that insolvencies were likely to remain very high in the coming months.
Patrik-Ludwig Hantzsch, head of economic research at the credit agency Creditreform, told German newspaper Bild on Thursday that corporate insolvencies were expected to continue rising steadily through the end of the year, with no meaningful easing expected until at least mid-2027.
Hantzsch had earlier cautioned that corporate insolvencies had not yet peaked and would only stabilize once Germany returned to sustained economic growth. ■