Brussels – Credit constraints for German trade and industry declined from 15.0 percent last month to 14.9 percent in September (Results of the Ifo Business Survey for September 2016). This figure represents the share of companies reporting problems accessing bank credit. This marked the first drop in credit constraints after three consecutive increases. German companies continue to experience no difficulties in accessing bank credit.
In manufacturing credit constraints fell significantly to 12.3 percent. This downturn applied to manufacturers of all sizes and across the board.
In construction credit constraints increased marginally to 17.3 percent. The share of firms reporting restrictive credit constraints also rose in distribution.
