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SME confidence declines in Q3

K&H Bank's SME confidence index fell by 14 points to -26 points in Q3 from the previous quarter, the bank told MTI on Thursday.

The drop followed an improvement in Q2. But that was preceded by three consecutive quarters of declines.

About 53% of SMEs expect taxes to rise in the coming twelve months and just 8% expect them to fall.

About 42% expect the cost of borrowing to climb.

K&H Bank polled managers at 700 SMEs for the survey.