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Mittelstand Confidence in Merz Government Slumps in DZ Bank Survey

Smaller, location-bound firms express the strongest frustration despite promised billions for rail and roads.

Overview

  • Only 39% of more than 1,000 Mittelstand leaders now expect the government to restore growth, down from 62% in the spring.
  • Confidence that the coalition will improve infrastructure has fallen to 43% despite a special fund reported at €500 billion through 2037, and 44% expect the programs to have little effect.
  • The share believing the government can deliver greater planning security has dropped to 27% from about 45% in the spring.
  • DZ Bank executive Stefan Beismann says larger internationally oriented companies are coping better, while smaller firms tied to Germany report the greatest frustration.
  • The survey was conducted from September 9 to October 14 and was published in coverage on December 15.