News from 2024-09-05 / KfW Research
KfW-ifo SME Barometer August 2024
SME sentiment: a bit of light and still a lot of darkness
Sentiment among German SMEs continued to deteriorate in August. This time, business sentiment dipped only moderately. But after the preliminary high for the year in April, it was already the fourth consecutive drop. Assessments of the current business situation in particular worsened but so did expectations for the next six months. There are some bright spots, however. Bucking the overall trend in the SME sector, business sentiment improved in both wholesale and retail.
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