News from 2026-01-30 / KfW Research

KfW-ifo SME Barometer January 2026

The good news is in the details

In January SME business sentiment edged down slightly by 0.1 points to -15.0 points. Businesses viewed their situation slightly more positively but in return their expectations fell. With that, SME sentiment generally defied the most recent Greenland turmoil. This time, however, the really good news is in the details.

KfW-ifo SME Barometer January 2026

Press release

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