News from 2022-12-07 / KfW Research

KfW-ifo SME Barometer November 2022

SMEs have some hope again

SME business sentiment jumped by 3.6 points to -19.7 balance points in November. The shift in the gloomy sentiment was solely the result of a strong improvement in expectations, while situation assessments deteriorated again. Businesses recognise that the risk of a gas shortage has decreased and are probably reacting favourably to the most recent support package by the federal government. In a historical comparison, however, they remain very pessimistic.

KfW-ifo SME Barometer November 2022

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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.