The number of bankruptcies in Germany in July increased significantly compared to the same period last year.

According to preliminary data released by the German Federal Statistical Office on the 11th, the number of newly registered company bankruptcies in Germany in July increased by 19.2% compared to the same period last year, setting a new record since October last year. The latest monthly analysis by the Halle Institute for Economic Research in Germany also shows that the number of bankruptcies of partnerships and companies in July was 1588, a significant increase from July last year. (CCTV)