ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Thursday, June 12, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Business BANKS

Economic climate for SMEs cools off slighty in April

The FINANCIAL by The FINANCIAL
May 7, 2012
in BANKS
Reading Time: 2 mins read
8
A A
0
Share on FacebookShare on Twitter

The FINANCIAL — As in previous months, sentiment among SMEs was good in April but dropped slightly.

 

The business climate, the main index of the KfW-Ifo SME Barometer, fell by 2.2 points to 18.7 balance points against March, which is slightly more than an average monthly variation. It is the first significant decline after the indicator had practically stagnated in the previous month and had risen even vigorously four times in a row despite global economic worries. Small and medium-sized enterprises corrected downward not only their assessment of the current business situation (-3.1 points to 30.3 balance points) but also their business expectations for the six months ahead (-1.3 points to 7.1 balance points). Both components of the business climate, however, remained comfortably above the zero line, which conceptually stands for the long-term average since Germany's unification. The assessments of the business situation in particular remain on an extraordinarily high level in a long-term comparison.

RelatedPosts

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

ZEG Storytelling Festival

The Security Service of Ukraine lost the appeal in court to Alona Shevtsova, Ibox Bank

SEC Policy Director Corey Klemmer to Step Down

By contrast, large enterprises expressed considerably greater optimism than in the previous month. Their business expectations increased by 2.6 points to 3.2 balance points. This is already the fifth consecutive monthly increase. As they also corrected their situation assessments upwards by a significant +2.3 points to 33.6 balance points, their business climate has increased by 2.4 points to 18.2 balance points in total. This shows that for the first time since July 2011 sentiment among large enterprises in April was nearly as positive as among SMEs, after their business climate indicator had dropped significantly below the comparison figure for SMEs in the winter half-year.

According to KFW, in the segment of large enterprises, manufacturing companies were the only ones to contribute to the improved climate. Their business climate increased by a substantial 5.9 points – double the usual monthly variation – to 19.0 balance points. Given the huge importance that global demand has for the economic condition of Germany's large enterprises, this allays the concern often raised lately over an excessively pronounced cooling of the world economy. In the SME sector, retailers were the only ones to report improved sentiment. Their business climate improved by 1.4 points to 26.8 balance points, rising to the top level in a comparison between industries and business size categories.

Chief Economist of KfW Bankengruppe Dr. Norbert Irsch commented: "The slight drop in business climate among SMEs is no reason to call into question the cautiously optimistic image we have drawn for the economy in the current year (price and calendar adjusted GDP for 2012: +1.2%). The mood remains good, and the strong improvement among large enterprises gives reason to hope that economic burdens from foreign trade will remain limited. The very good climate among small and medium-sized retailers underscores yet again that the domestic market has become a solid pillar for the economy. In spite of the dip in the SME business climate, the medium-term trend in all industries and size categories continues to point upward, with only the hiring plans of enterprises now stagnating at a higher level. In this situation, higher increases in real wages can help to further strengthen domestic demand after overall purchasing power had thus far largely drawn its momentum from the increase in the workforce. The scope of income distribution in pay settlements for the economy as a whole, which we see at around 3½% per annum, should be used but not overdrawn. This will bolster domestic demand while increasing imports, thus making the adaptation processes in the Eurozone easier without jeopardising price competitiveness."

 

 

Related Posts

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations
BANKS

Thomas Priore Discusses How Unified Commerce is Transforming Business Financial Operations

by The FINANCIAL
May 13, 2025
0

Businesses of all sizes face growing complexity in managing their financial operations. From processing customer payments to paying vendors and...

Read more
ZEG Storytelling Festival

ZEG Storytelling Festival

April 8, 2025
Chairman of the Supervisory Board of IBOX BANK Alona Shevtsova talks about the development of financial technologies in Ukraine and entering the Polish market

The Security Service of Ukraine lost the appeal in court to Alona Shevtsova, Ibox Bank

March 26, 2025
SEC Policy Director Corey Klemmer to Step Down

SEC Policy Director Corey Klemmer to Step Down

January 17, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
Domestic tourism numbers decreased in Georgia

Georgian economy contracted by 5.5 % in July 2020

August 31, 2020
Leon Botstein’s Five-Decade Transformation at Bard College

Leon Botstein’s Five-Decade Transformation at Bard College

May 28, 2025
Will digital media be decisive in general election – as it was in Donald Trump’s victory? 

How to Align Social Media with Your Overall Marketing Strategy

June 11, 2025
Teaching porn literacy

A sizable percentage of internet porn users, roughly 40% are women

January 17, 2024
New World Bank Group Country Director for Belarus, Moldova and Ukraine Welcomes Reform Efforts in Moldova

Moldova urged to strengthen protection of vulnerable victims

June 11, 2025
Will digital media be decisive in general election – as it was in Donald Trump’s victory? 

How to Align Social Media with Your Overall Marketing Strategy

June 11, 2025
Presence of minority languages in media and education in Slovenia should be strengthened, Council of Europe

Presence of minority languages in media and education in Slovenia should be strengthened, Council of Europe

June 11, 2025
How to Avoid Common Loan Mistakes: A Borrower’s Guide

How to Avoid Common Loan Mistakes: A Borrower’s Guide

June 11, 2025
7 Ways to Improve Your Business Finances

7 Ways to Improve Your Business Finances

June 11, 2025
ADVERTISEMENT

Popular Last 24h

  • Will digital media be decisive in general election – as it was in Donald Trump’s victory? 

    How to Align Social Media with Your Overall Marketing Strategy

    39 shares
    Share 16 Tweet 10
  • Fullscript vs. Rupa Health: What the Acquisition Means for Providers and Patients

    27 shares
    Share 11 Tweet 7
  • Ampersand wins £22m five-year contract at London Zoo

    3551 shares
    Share 1420 Tweet 888
  • Sharon Srivastava and the Human Cost of a Digital Disinformation Campaign

    21 shares
    Share 8 Tweet 5
  • How a Chinese Copper Art Workshop from Jiande Win Hearts, Applause in Florence

    20 shares
    Share 8 Tweet 5
  • How to Avoid Common Loan Mistakes: A Borrower’s Guide

    18 shares
    Share 7 Tweet 5
  • Moldova urged to strengthen protection of vulnerable victims

    18 shares
    Share 7 Tweet 5

LATEST POSTS

New World Bank Group Country Director for Belarus, Moldova and Ukraine Welcomes Reform Efforts in Moldova

Moldova urged to strengthen protection of vulnerable victims

June 11, 2025
Will digital media be decisive in general election – as it was in Donald Trump’s victory? 

How to Align Social Media with Your Overall Marketing Strategy

June 11, 2025
Presence of minority languages in media and education in Slovenia should be strengthened, Council of Europe

Presence of minority languages in media and education in Slovenia should be strengthened, Council of Europe

June 11, 2025
How to Avoid Common Loan Mistakes: A Borrower’s Guide

How to Avoid Common Loan Mistakes: A Borrower’s Guide

June 11, 2025
7 Ways to Improve Your Business Finances

7 Ways to Improve Your Business Finances

June 11, 2025
How a Chinese Copper Art Workshop from Jiande Win Hearts, Applause in Florence

How a Chinese Copper Art Workshop from Jiande Win Hearts, Applause in Florence

June 11, 2025
Fullscript vs. Rupa Health: What the Acquisition Means for Providers and Patients

Fullscript vs. Rupa Health: What the Acquisition Means for Providers and Patients

June 11, 2025
Sharon Srivastava and the Human Cost of a Digital Disinformation Campaign

Sharon Srivastava and the Human Cost of a Digital Disinformation Campaign

June 11, 2025
Hungary: Postponement of the foreign agent-style law is a first step, EFJ calls for its withdrawal

Hungary: Postponement of the foreign agent-style law is a first step, EFJ calls for its withdrawal

June 10, 2025
What Today’s Digital Creators Need to Know About the Art of Hosting 

What Today’s Digital Creators Need to Know About the Art of Hosting 

June 10, 2025

LATESTBUSINESS

Dropshipping Risks: How to Avoid Copyright Infringement Issues

All You Need to Know About Renovated Shipping Containers 

by The FINANCIAL
June 5, 2025
0

Insurers Planning to Increase Investment Risk Profiles

by The FINANCIAL
June 5, 2025
0

U.S. Healthcare Leaders Expect Widespread Adoption of Artificial Intelligence by 2023

Survey Reveals Institutional Investors and Wealth Mnagers Are Increasing Their Exposure to AI

by The FINANCIAL
June 5, 2025
0

Why Tbilisi Real Estate Investing is Buzzing Right Now

Why Tbilisi Real Estate Investing is Buzzing Right Now

by The FINANCIAL
June 3, 2025
0

Protected: How EquitiesFirst and Alternative Financing Could Help Fund the Global Robotics Market Race

Protected: How EquitiesFirst and Alternative Financing Could Help Fund the Global Robotics Market Race

by The FINANCIAL
May 30, 2025
0

Voters Still Support Allowing Health Insurance To Be Sold Across State Lines

How Much Health Insurance Do You Need for Your Parents?

by The FINANCIAL
May 27, 2025
0

ESSEC partners with French AI solution Mistral AI for innovation in research and education

ESSEC partners with French AI solution Mistral AI for innovation in research and education

by The FINANCIAL
May 23, 2025
0

How biases influence CEOs throughout their careers

7 Ways a CFO’s Role Is Evolving From Number Cruncher to Strategic Advisor

by The FINANCIAL
May 23, 2025
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+995 558) 03 03 03 Email: marketing (at) finchannel.com

Whatsup: (+995 599) 96 52 52

Georgia:

(+995 599) 96 52 52 Email: editor (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.