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News from 2019-12-30 / KfW Research
KfW-ifo SME Barometer December 2019
Despite minor bright spots at the end of the year, the road to a rebound is a long one
There is still no real improvement in the SME business climate. Confidence levels picked up slightly in December but have remained close to the zero line for the fifth consecutive month, which illustrates that the economy is lacking direction. Sentiment among large enterprises shows somewhat stronger improvement compared with SMEs but still hovers on a much lower level. These findings illustrate one thing in particular: In light of the prolonged phase of international uncertainties, German enterprises are happy even with minor bright spots.