News from 2021-10-20 / KfW Research
KfW-ifo Credit Constraint Indicator October 2021
Low SME credit demand – constraints remain higher than average
Developments in the credit market are currently shaped by remarkably weak loan demand from businesses, according to the current survey conducted for the KfW-ifo Credit Constraint Indicator. Fewer and fewer businesses are requesting loans from banks. In the third quarter, the share of SMEs in loan negotiations dropped significantly to below 18%, marking a new record low.
Credit constraints developed unevenly over the same period, remaining higher than average for both enterprise size classes. But after dropping in the previous quarter, credit hurdles were again higher for SMEs. Tighter restrictions are affecting small and medium-sized service providers in particular.
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