News from 2020-06-10 / KfW Research

KfW-ifo SME Barometer May 2020

A sigh of relief!

The coronavirus pandemic has caused unprecedented sentiment volatility in the SME sector. In May, business confidence recovered very sharply from its historic nosedive the month before. But what is remarkable are the relations. The rise in confidence from the previous month was the second strongest since the beginning of the timeseries but it made up for only a good one fifth of the decreases in March and April. The stronger sentiment is being carried solely by a record rise in business expectations, which nevertheless remain very pessimistic.

KfW-ifo SME Barometer May 2020

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Economic Research

Economic Research

Economic development in Germany and around the world, studies on topics relevant to society such as environmental and climate protection, demography, globalisation, innovation and sustainability, impact of KfW promotional programmes.