Corporate insolvencies in Germany rose 6.9% from the year earlier in February, after a 4.2% rise in January, the Federal Statistics Office, Destatis, reported Wednesday.
German insolvency courts reported 2,558 company insolvencies for February, compared with 2,547 a month earlier.
The number of consumer insolvencies rose 15.9% in February from the comparable month a year earlier, to 8,632 cases."The expected open claims filed for at German insolvencies courts totaled EUR3 billion, which compares with EUR2.5 billion in February 2009," Destatis said.no word
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