Tag Archives: services sector

KfW Research: SMEs in Germany Spend EUR 61 Billion Annually on Legal Compliance and Administrative Costs

(IN BRIEF) A KfW Research survey has revealed that SMEs in Germany are spending an average of 32 hours per month to comply with legal requirements, costing the economy EUR 61 billion annually. The survey also highlighted expectations for wage … Read the full press release

Lloyds Tracker Shows Real Estate Rebound Drives Modest UK Sector Growth in March

(IN BRIEF) UK economic activity remained steady in March with four out of fourteen sectors reporting output growth, the same as February, according to Lloyds Bank’s UK Sector Tracker. Real estate services saw their first expansion of 2024, spurred by … Read the full press release