SMEs see revenue climbing almost 9% in next 12 months

Automotive

Hungarian SMEs expect their revenue to rise 8.5% in the coming 12 months, according to a quarterly gauge of confidence by K&H Bank, Hungarian news agency MTI reported.

In the previous quarter, SMEs expected annual turnover to climb just 5.5%.

SMEs now see their profits rising 5.1%, up from 3.6% three months earlier.

The proportion of SMEs that plan to make new hires over the next year rose to 34% from 20% in the previous quarter.

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