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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.

KfW-ifo SME Barometer December 2019

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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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