News from 2023-07-04 / KfW Research
KfW-ifo SME Barometer June 2023
Business sentiment in freefall
SME business confidence literally plummeted in June. Its 5.4 point decline on the previous month was nearly as steep as it was immediately after natural gas deliveries from Russia stopped last September. The main cause was a surge in pessimistic expectations but situation assessment also fell noticeably. The only good news which the KfW-ifo SME Barometer for June has to offer relates to future inflation trends, as the decline in sales price expectations of the past nine months continues unabated.
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