News from 2023-10-09 / KfW Research

KfW-ifo SME Barometer September 2023

SME business sentiment is bottoming out

At the end of the summer, the mood among small and medium-sized enterprises hardly deteriorated any further and expectations alone actually rose again slightly for the first time. At the same time, a look at the segments shows a mixed picture. Among SMEs, manufacturers and wholesalers were more upbeat, while large enterprises of all main economic sectors reported improved confidence. The economy may have bottomed out.

KfW-ifo SME Barometer September 2023

Press release

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