News from 2020-03-04 / KfW Research
KfW-ifo SME Barometer February 2020
SME business confidence not yet affected by coronavirus in February
In February, small and medium-sized enterprises in Germany did not appear to be concerned about the coronavirus outbreak, which was still concentrated in China at the time. According to the current KfW-ifo SME Barometer, SME business sentiment rose again moderately after falling in the previous month. The driver behind the improved sentiment was a rise in expectations. On the other hand, a coronavirus effect already began to appear among large enterprises, whose business confidence suffered a setback for the first time since October 2020.
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