According to a March 2014 report by Creditreform, corporate insolvencies declined by a total of 8.4% in 2013. The decrease in the skilled trades sector was similar at 7.7%.
Most insolvencies in the construction sector. A large share of insolvencies in the skilled trades is attributable to the main and finishing construction trades. According to Creditreform, this sector's share of total insolvencies fell from 57.1% in 2012 to 54.3% in 2013. The picture is different in the automotive sector: this sector accounted for only 9.4% of insolvencies in 2012, but rose to 10.1% of all skilled trades insolvencies in 2013. In the metal and electrical trades as well as in the food sector, the share remained unchanged.
Frequently asked questions
Frequently asked questions
How did corporate insolvencies in Germany develop in 2013?
According to Creditreform, corporate insolvencies declined by a total of 8.4% in 2013. The skilled trades sector recorded a similar decrease of 7.7%. This continued the positive trend from the previous year.
Which skilled trades sector recorded the most insolvencies in 2013?
In 2013, the majority of skilled trades insolvencies occurred in the main and finishing construction sector. However, this sector's share of total insolvencies in the skilled trades declined from 57.1% in 2012 to 54.3% in 2013.
How did insolvencies in the automotive trade develop in 2013?
In the automotive sector, the share of total insolvencies in the skilled trades rose from 9.4% in 2012 to 10.1% in 2013. This ran counter to the general decline in insolvencies across the skilled trades.
In which skilled trades sectors did the insolvency share remain stable in 2013?
In the metal and electrical trades as well as in the food sector, the share of skilled trades insolvencies in 2013 remained unchanged compared to the previous year. There were therefore no significant shifts in insolvency activity in these sectors.