Business Survey

Annual report on the financing situation of small and medium enterprises.

Business Survey 2026 – Financing climate clouded – investment activity subdued (Summary)

Business Survey 2024 – Financing environment has worsened – sustainability continues to gain in importance (Summary)

Business Survey 2022 – Financing environment is recovering from the coronavirus crisis – sustainability is gaining in importancet (Summary)

Business Survey 2021 – Coronavirus crisis is putting pressure on businesses – financing environment is becoming more difficult (Summary)

Business Survey 2020 – Digitalisation: Proportion of businesses planning digital projects stagnates on a high level (Summary)

Business Survey 2020 – Lending climate: Businesses are well equipped for the crisis (Summary)

Business Survey 2019 – More and more businesses have firm plans for digitalisation, hurdles also more widely acknowledged (Summary)

Business Survey 2019 – Financing climate remains strong despite economic headwind (Summary)

Business Survey 2018 – Digitalisation is gaining momentum (Summary)

Business Survey 2018 – Credit market sentiment remains strong (Summary)

Business Survey 2017 – Funding situation of businesses is moving sideways – first signs of a change in trend? (Summary)

Business Survey 2017 – Digital transformation of industries (Summary)

Business Survey 2016 – Summary

Business Survey 2015 – Summary

Business Survey 2014 – Summary

Business Survey 2013 – Summary

Contact

KfW Research, KfW Group, Palmengartenstr. 5-9, 60325 Frankfurt,

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KfW Research

Current analyses, indicators and polls on business cycles and the economy, both in Germany and worldwide.