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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.