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Hungarian SME confidence reaches six-year high

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K&H Bankʼs gauge of SME confidence rose five points to -3 in the third quarter, reaching its highest level in six years, the lender said today, according to Hungarian news agency MTI.

Outlooks for the governmentʼs economic policy, taxes and profits all improved, according to K&H. Mid-sized businesses were the most positive, gauging 11 points on the scale, while confidence at small businesses was measured at 2 points, and at micro-businesses at -8 points. 

SMEs expect revenue to rise 6.9% and profit to climb 4.6% in the coming year.

K&H conducts the SME survey in collaboration with market researcher GfK Hungary on a quarterly basis. It surveys 500 companies based in Hungary with annual revenue of less than HUF 2 billion.

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