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GfK: Hungary’s big firms more optimistic about revenue rise

Telco

The largest companies operating in Hungary expect a 2.9% increase in revenue this year, according to a gauge compiled by K&H bank and market researcher GfK, Hungarian news agency MTI reported today.

GfK and K&H conducted a survey of 550 companies active in Hungary with an annual turnover over HUF 2 billion. The first quarter survey was carried out between February and March. 

The 2.9% expectation is above the 2% forecast rise by the companies in the previous quarter, the research showed.

The first-quarter survey shows that companies anticipate a 4% increase in export sales and a 2.5% rise in domestic sales, MTI reported, while profits are expected to climb by 2.2%.

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