The outlook of Hungary's biggest companies worsened slightly in February, while that of SMEs continued to improved, the latest measure of confidence by economic research institute Ecostat shows.
Ecostat's TOP-100 measure of confidence at the country's biggest hundred companies fell 2.3%age points to 69.5% in February compared to January. The SME confidence index rose 5.4%age points to 73.2%.
In January, both indices rose slightly.
Among big companies, 21% said output rose in the previous three months, while it fell for 35%. About 30% expect production to grow in the next three months and 48% see it staying unchanged.
About 27% of big companies expect domestic demand to grow and 39% see demand on export markets rising. Two-thirds said stock levels were average for the time of year. The percentage of companies planning investments fell to 40% in February from 43% in January and 51% in December.
More than half of big companies said current staff levels were appropriate. One-third planned layoffs.
Among SMEs, 17% said production grew in the past three months and 47% said it fell. About 38% expect output to grow in the coming three months and 42% see it stagnating.
About 28% expect demand on the domestic market to increase and 45% see demand on foreign market stagnating.
About 60% of SMEs said staff levels were appropriate but 23% said they could make layoffs. (MTI – Econews)