K&H: SME sentiment little changed in H1
pixabay
K&H Bankʼs gauge of SME confidence stayed in negative territory, dropping slightly from -7 points at the start of the year to -8 points in the first half of the year, the lender said today, according to Hungarian news agency MTI.
In the survey of 500 small- and medium-sized enterprises that is conducted to create the index, most firms said their business positions were practically the same in June as six months earlier. Generally speaking, SMEs expect improvements in terms of taxes but said they see profits declining.
The impact of European Union development support in the new funding period has yet to be seen, noted K&H marketing department chief Viktor Zoltán Kovács.
Only 26% of SMEs said their tax burdens would grow, down from 76% five years earlier. SME heads said they expect revenues to rise an average of 5.6% and profits to climb an average of 3.6% in the coming year, according to the report.
K&H conducts the SME survey of companies based in Hungary with annual revenue of less than HUF 2 bln in cooperation with market researcher GfK Magyarország on a quarterly basis. Negative index numbers indicate a negative outlook and positive numbers indicate expectations of improved business.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
