German business insolvencies up 2.4% in June
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FILE PHOTO: The financial district is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/File Photo
FRANKFURT (Reuters) -The number of German business insolvencies registered in June rose 2.4% from a year earlier, the German statistics office said on Friday, adding pressure on the new government to revive economic growth.
The office's statement cited preliminary figures on insolvencies, many of which were initiated three months before they were registered.
Citing final figures for April, the office said the number of insolvencies registered that month were up 11.5% from a year earlier, but creditors' claims fell to 2.5 billion euros ($2.9 billion) from 11.4 billion in April 2024, when larger companies folded.
($1 = 0.8562 euros)
(Reporting by Ludwig Burger, editing by Rachel More)
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