Almost two-thirds of SMEs plan investments

Automotive

pixabay

Around 62% of SMEs are planning on investing in the next 12 months, compared to the 50% who had investment plans a year ago, according to selected data from K&H Bankʼs survey of SME confidence published on Monday.

A third of companies want to invest in machinery purchases and IT upgrades. Around 26% want to buy vehicles and 19% are planning real estate investments, national news agency MTI reported, summarizing the results of the survey.

A breakdown by size shows that investment mood is strongest among medium-sized enterprises. Some 91% of these, 66% of small enterprises and just 54% of micro-enterprises plan to make investments.

A breakdown by sectors shows that 72% of industrial SMEs have plans to invest in the next year; the rate is 60% for companies in the service sector, 58% for those in the retail sector and 57% for the agricultural sector.

K&H conducts the SME survey on a quarterly basis in collaboration with market researcher GfK Hungary. It surveys 500 companies based in Hungary with annual revenues of less than HUF 2 billion. The latest survey was conducted between August 28 and September 12.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.