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News from 2020-08-06 / KfW Research

KfW-ifo SME Barometer July 2020

SMEs are recovering – everything else depends on how the pandemic evolves

SME business sentiment rose for the third consecutive month in July. This shows that small and medium-sized enterprises were quite successful in relaunching their businesses after the containment of the first wave of infections. They started the summer quarter on a robust path of recovery. What is particularly encouraging is that situation assessments also improved. However, headwinds are building. Continuing high global infection rates are hurting export-oriented manufacturing in particular. The recent rise in new infections in Germany also poses a risk to almost all sectors.

SMEs are recovering – everything else depends on how the pandemic evolves

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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.

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