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.

KfW-ifo SME Barometer March 2025

Press release

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