Fewer company insolvencies in the first half of 2015

German district courts have reported 11,558 company insolvencies in the first half-year of 2015, which according to information from the German Federal Statistics Office (Destatis) is 3.9% fewer than the corresponding period last year.

The trade sector (including vehicle maintenance and repair) was hardest hit by company insolvencies with 2,083 cases. 1,964 insolvency petitions were filed by companies in the building trade. In the provision of freelance, scientific and technical services there were 1,347 petitions.