News from 2025-04-09 / KfW Research
KfW-ifo SME Barometer March 2025
SME sentiment in Germany brightens, driven by expectations
SME business sentiment showed a decent jump in March, climbing 3.9 points to -17.6 balance points. This was mainly due to the significant rise in business expectations. It is likely a reflection of the hope for strong fiscal impetus from the financial package for infrastructure and defence adopted in March. However, the improvement in sentiment is under threat again already during the current month from the massive tariff increases announced by the US on 2 April.
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