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In August 2024, the business climate among medium-sized companies in Germany was at a negative 19 points. This means that the business climate among medium-sized companies has deteriorated for the fifth month in a row.
The business climate indicator shows balance values (percentage share of positive reports minus percentage share of negative reports) regarding the business situation and business expectations of around nine thousand medium-sized companies in Germany.

Business climate development for medium-sized companies in Germany from August 2022 to August 2024

Characteristic	Balance points
Aug '24	-19
Jul '24	-17.7
Jun '24	-13.5
May '24	-11.5
Apr '24	-11.3
Mar '24	-16.4
Feb '24	-21.3
Jan '24	-21.4
Dec '23	-18.5
Nov '23	-15.8
Oct '23	-16.4
Sep '23	-18.4
Aug '23	-17.5
Jul '23	-14.8
Jun '23	-10.8
May '23	-5.9
Apr '23	-2.6
Mar '23	-3.1
Feb '23	-7.4
Jan '23	-9.8
Dec '22	-12.6
Nov '22	-17.8
Oct '22	-20.7
Sep '22	-20.5
Aug '22	-13.3

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Release date

September 2024

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Region

Germany

Survey time period

August 2023 to August 2024

Supplementary notes

According to the source, balances are adjusted seasonally and in accordance with average values, i.e. the long-term average value since January 2005 equals 0.

Figures preceding January 2023 are based on the base dataset from KfW (Kreditanstalt für Wiederaufbau - Credit Institute for Reconstruction). KfW is a state-owned development and investment bank in Germany.

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