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KfW Credit Market Outlook June 2019

News from 2019-06-28 / KfW Research

New lending is still growing strongly

At the start of the year, the corporate lending market was still booming in Germany. According to estimates by KfW Research, new lending growth was 6.4% on the previous year, almost as strong as in the final quarter of last year. It thus expanded well above average again.

This figure is surprising given the economic slowdown that has been observable since mid-2018. But apparently it was also driven by a special effect generated by the German automotive industry. This effect should fade soon. As economic momentum slows, the growth rate of new lending to businesses and self-employed persons is set to decrease noticeably.

KfW Credit Market Outlook June 2019  (PDF, 191 KB, non-accessible)

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Economic Research

Economic Research

Economic development in Germany and around the world, studies on topics relevant to society such as environmental and climate protection, demography, globalisation, innovation and sustainability, impact of KfW promotional programmes.

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