Western Europe SMB Confidence Outlook, April-June 2016

This IDC Update examines the state of Western European small and medium-sized businesses (SMBs) in 2Q16, with a focus on the current economic situation and the level of their business confidence expectations. The analysis focuses on the top 5 countries: France, Germany, Italy, Spain, and the U.K. Please note that overall EU and country-level confidence level derived from the European Commission's Business and Consumer Survey do not yet take into account the results of the U.K.'s Brexit referendum, while local sources in some of the key countries were updated more recently and might partially reflect the impact of the U.K.'s decision to leave the EU.

In This Update
Economic Outlook and Business Confidence Among Western European SMBs
French SMB Trends
KPMG-CGPME Small and Medium-Sized Business Survey (June 2016): French SMBs Slightly Improved Their Outlook
German SMB Trends
June KfW-ifo Survey: German SMEs Improved Their Outlook in the Second Quarter of 2016
Italian SMB Trends
Confindustria's Survey: Italian Small and Medium-Sized Manufacturers are still polarized, but Performed Well in 2Q16
Spanish SMB Trends
June Survey: Spain's Economic Situation Remains Positive in the Second Quarter
U.K. SMB Trends
U.K. SMB Manufacturers Survey: Depreciation Makes U.K. SMEs Optimistic about Export in the Next Quarter
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