Corporate Insolvencies in Germany Reach 13-Year High in First Half of 2026

Germany experienced a significant rise in corporate insolvencies during the first half of 2026, reaching the highest level recorded since 2013. According to the Federal Statistical Office, there were 12,812 corporate insolvencies reported in this period, marking a 6.7% increase from the previous year. The last time Germany saw more insolvencies was in 2013, when 13,253 cases were recorded.

Key sectors most impacted by these insolvencies include transportation and warehousing, followed by hospitality and construction. This trend highlights particular vulnerabilities in industries that have faced persistent challenges despite broader economic recovery.

While Germany’s economy is showing tentative signs of growth—with some economic forecasts predicting GDP expansion of up to 1.4% and the government maintaining a conservative 0.5% estimate—the surge in corporate insolvencies underscores underlying economic stress. This is compounded by a 2.4% increase in consumer insolvencies, reaching 38,932 cases in the same period.

Despite the higher number of insolvencies, the creditor claims linked to these cases have decreased significantly to approximately 18.5 billion euros, down from 28.2 billion euros in the first half of 2025. Experts attribute this decline to the fact that larger, more economically significant companies filed for insolvency in 2025, whereas the current increase is driven by a larger volume of smaller firms.

A recent study noted a slight decline in insolvencies in August 2026, with a 10% decrease to 1,525 cases, but this was accompanied by substantial job losses among the largest bankrupt companies. Analysts warn this downturn may be temporary, with insolvency rates expected to remain high in the coming months.

These developments portray a complex economic environment where, despite signs of recovery, several industries continue to face serious financial difficulties. The increasing insolvency figures reflect persistent uncertainties and hint at ongoing challenges for both businesses and consumers in Germany.