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KfW-ifo SME Barometer September 2019

News from 2019-10-02 / KfW Research

Sentiment improves slightly among SMEs but not in large enterprises

After deteriorating in the previous month, confidence in the German SME sector recovered slightly in September. Sentiment among large enterprises, which has been much worse for a long time, dropped again. While the external headwind is strong, domestically oriented small and medium-sized enterprises are still benefiting from robust domestic demand. Nevertheless, the summer quarter has generally not been a good one for SMEs either and the outlook for autumn and winter is rather dim.

KfW-ifo SME Barometer September 2019  (PDF, 121 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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