News from 2026-02-27 / KfW Research

KfW-ifo SME Barometer February 2026

Sentiment among SMEs has improved slightly

Business confidence among German SMEs rose 0.8 points in February to now -14.1 balance points. Sentiment is not yet positive but headed in the right direction (up). The rise in confidence is mainly due to improved expectations. Businesses' situation assessments improved only minimally.

KfW-ifo SME Barometer February 2026

Press release

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