More German companies enter into insolvency proceedings in 2019 than in 2018 by a significant amount. According to German credit insurer Euler Hermes.
Insolvencies of the larger German companies increased 42% in by the end o September 2019, compared to the same period in 2018. Twenty-seven companies turning €50 million ($55 million)or more ceased trading, compared to 19 closures in 2018.
Insolvencies hit essential sectors.
Most corporate Insolvencies in Germany for the first nine months in 2019 were in high street retail and construction sectors.