Wednesday, Germany's Federal Statistical Office said there were 2,394 enterprise insolvencies and 7,450 consumer insolvencies in February. Insolvency courts registered a total of 12,120 in February.

Without the results of Nordrhein-Westfalen, the total number of insolvencies decreased 5.1% year-on-year in February. At the same time, enterprise insolvencies increased 1.2%, while insolvencies of consumers decreased 7.6%.

For the January to February period, the total insolvencies declined 7.5% annually to 24,788.

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