German corporate insolvencies hit 13-year monthly high in July

German local courts registered 2,373 corporate insolvencies in July, an 8% year-on-year increase and the highest monthly figure in 13 years, signaling sustained stress in the German corporate sector. Despite the rise in case numbers, creditor claims declined, suggesting the insolvencies involve smaller firms. This continues a trend of elevated insolvencies, but the magnitude underscores persistent structural weakness in the German economy.