KfW Credit Market Outlook September 2016

According to estimates by KfW Research, new lending in Germany to companies and self-employed professionals fell only slightly in the second quarter of 2016. The sideways movement is likely to continue in the latter half of the year. On the supply side, potential for further improvements to financing conditions is largely exhausted. Fresh impetus is not coming from the demand side either as the Brexit vote dampens the propensity to invest. Furthermore, capital markets provide attractive funding alternatives for large companies.

KfW Credit Market Outlook September 2016(PDF, 92 KB, non-accessible)