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News from 2021-10-04 / KfW Research

KfW-ifo SME Barometer September 2021

Supply shortages are temporarily slowing down the recovery

Business sentiment among small and medium-sized enterprises has embarked on a downward trend, dropping for the third consecutive month. Just like the weather, economic activity this late summer was a mixed bag. Particularly in manufacturing, confidence has dropped significantly as a result of the widespread shortages of materials and transport capacity. But there are bright spots, as sentiment is improving among service providers and, in particular, the construction industry.

KfW-ifo SME Barometer September 2021  (PDF, 96 KB, non-accessible)

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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.

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