Friday, Germany's Federal Statistical Office reported that insolvency courts reported 12,023 insolvencies in May, down 14.1% over the previous year. Enterprise insolvencies decreased 10.9% to 2,317. Insolvencies of other debtors fell 14.7% to 9,706.
During January to May, 64,464 insolvencies were registered, a fall of 9.7% year-on-year. Enterprise insolvencies during the period were down 8.2% to 12,245. Altogether 40,366 consumer insolvencies were registered during January to June, that were 10.5% less than that of the pervious year.
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