News from 2026-05-28 / KfW Research
KfW-ifo SME Barometer May 2026
Stabilisation with pitfalls
After two marked declines in succession, the SME business climate stabilises in May: it even rises slightly by 0.5 points to now -21.6 points. Both the assessment of the current situation and business expectations contribute to the slight improvement in sentiment. However, the improvement is largely driven by service providers.
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