News from 2024-12-04 / KfW Research

KfW-ifo SME Barometer November 2024

SME sentiment as bleak as the autumn weather

The mood among German SMEs has worsened for the sixth straight month. Falling by 0.9 points to -20.5 balance points, the business confidence of small and medium-sized enterprises is now well below the long-term average represented by the zero line. The decline in November was due exclusively to the deterioration in situation assessments: Business expectations rose slightly.

KfW-ifo Mittelstandsbarometer November 2024

Press release

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