Germany factory production at highest level for 18 months
- On Wednesday, Destatis reported that German factory output rose two percent in August, marking the highest level in a year and a half following a 1.2-percent decline in July.
- Construction sector production expanded over nine percent, supported by public infrastructure contracts, while the struggling auto sector declined over five percent, partly due to factory holidays.
- Energy-Intensive industries struggled amid oil price surges from Middle East conflicts and restricted Rhine shipping due to low water levels, though machinery and equipment output rose over five percent.
- The economy ministry called output "surprisingly strong" yet warned that industrial activity "remains subdued"; nevertheless, ING economist Carsten Brzeski said "After a setback in July, Germany's cyclical rebound gained new momentum in August."
- Leading economic institutes recently upgraded 2026 growth forecasts for Germany to 1.3 percent, while analysts surveyed by FactSet had previously forecast a slight decline amid Iran war fallout concerns.
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The number of bankruptcies in Germany has risen to its highest level in thirteen years. In July, 2,373 companies went bankrupt, the highest monthly number since July 2013. The transport and storage, hospitality, and construction sectors saw the highest proportion of business failures, reports the German statistical office Destatis.
The company insolvencies in Germany continue to rise: 2373 bankruptcies in July, as many as 13 years ago. Which industries are particularly affected.
Reformatorisch Dagblad
welingelichtekringen.nlThe number of bankruptcies in Germany has risen to its highest level in thirteen years. In July, 2,373 companies went bankrupt, the highest monthly number since July 2013. The transport and storage, hospitality, and construction sectors saw the highest proportion of business failures, reports the German statistical office Destatis.
This year, the Federal Government expects significantly more economic growth. There is nothing to be seen with the companies so far. Smaller companies in particular are increasingly slipping into insolvency. At the same time, creditors' claims are falling.
More than 15,000 companies in Germany filed for insolvency in the first seven months of the year. Traffic and storage were particularly affected.
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