KfW-ifo SME Barometer March 2021

In March, sentiment among small and medium-sized enterprises brightened for the second consecutive month – this time very strongly. With the arrival of spring, business confidence rose three times the typical monthly variation. Expectations in particular spiked, turning slightly positive for the first time since the outbreak of the pandemic. Large enterprises are currently even more upbeat. But the strong improvements in sentiment across the overall economy are only a snapshot amid the surging third wave of infections. Yet they underscore the great potential for a rebound once the pandemic has been successfully suppressed. They can be seen as a vote of confidence in the upturn.

KfW-ifo SME Barometer March 2021(PDF, 155 KB, non-accessible)

Press release