World Economy

Access to Credit

Access to CreditAccess to Credit

Lending conditions for German businesses remain favorable in November according to the latest data released by the ifo Institute, although it tightened slightly from 17.7%  to 18.3 % month on month. “For many companies in Germany, access to credit continues to be available” commented Hans Werner Sinn, president of the ifo Institute, Investment Europe reported. The monthly survey measures access to credit among 4,000 businesses in Germany, the percentage indicating the share of business struggling to get access to lending. According to ifo, 21.2% of the construction sector, 18.8 of the retail, 16.6% of the manufacturing sector and 18.3% of the industrial economy reported difficulties to obtain credit.