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Hungarian SMEs optimistic about revenues climbing

Analysis

Hungarian SMEs expect their revenues to climb by 8.5% on average over the coming year, according to a survey by K&H Bank, quoted by national news agency MTI.

The scale of the increase is 3 percentage points over the SMEsʼ projection at the beginning of the year.

SMEs see their profits climbing 5.1%, compared to just 3.5% early in the year. Microbusinesses were the most optimistic about their prospects for revenue and profit increases.

K&H conducts a survey of SMEs to gauge confidence in the sector on a quarterly basis, teaming up with market research company GfK Hungária.

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