novaerion Insolvency Monitor January 2023

According to the Federal Statistical Office, the absolute insolvency figures show a decline of -8.56% with a total of 1,271 corporate insolvencies for January 2023 compared to December 2022.

However, there was a significant increase of 20.2% compared to the same month of January 2022 last year. The construction industry with 246 cases (+19.4% as of January 2022) and trade with 204 cases (+27.5% as of January 2022) are the most affected.

Due to the current overall economic situation, in particular interest rates and inflation, a decline in insolvencies is currently not expected.

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