News from 2024-10-31 / KfW Research
KfW-ifo SME Barometer October 2024
Confidence falls among SMEs but rises in large enterprises
Business sentiment among German SMEs continued to fall in October. This time, however, confidence levels dipped only very moderately. The renewed drop is due exclusively to the further slight deterioration in SMEs’ outlook on the near future. At the same time, however, SMEs' assessments of their current business situation improved. In contrast with SMEs, large enterprises expressed much more confidence. In October, their business climate improved by nearly twice the normal month-on-month variation. After stagnating this year, the economy is likely to grow again moderately next year.
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