SME confidence improves in second quarter

Analysis

The business confidence of small and medium-sized enterprises (SMEs) hit 24 points in July, climbing from 18 points in April, according to a report compiled by the Institute for Economic and Enterprise Research (GVI) of the Hungarian Chamber of Commerce and Industry (MKIK), cited by state news wire MTI.

SMEsʼ confidence improved as companies showed greater optimism with regard to their current business options, profitability and changes in order stocks. The current business opportunities subindex saw a particularly big rise, from 35 to 55 points.

Investment activity among companies rose in Q2 compared to Q1, but the expected capacity utilization rate was down, as were expectations for future production levels.

Despite the overall improvement, the main SME confidence indicator was still down by three points from a year earlier.

SMEsʼ uncertainty gauged by a separate index decreased by six points to 35 points from the previous quarter, and was down one point compared to July 2016.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Popular Pain Meds Could Worsen Some Disease Symptoms Science

Popular Pain Meds Could Worsen Some Disease Symptoms

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.