News from 2025-07-03 / KfW Research

KfW-ifo SME Barometer June 2025

Sentiment continues to improve on expectations

Despite the simmering trade conflict between the US and the EU and other countries as well as the 12-day war that broke out between Israel and Iran in June, SME sentiment continued to brighten at the beginning of summer. This was mostly due to the steadily growing belief in a better economic future, whereas business situation assessments showed that current conditions remain difficult.

KfW-ifo SME Barometer June 2025

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