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K&H SME confidence index reaches all-time high

K&H Bank's SME confidence index climbed ten points to six in the second quarter, the highest level since the bank started the gauge of sentiment with market research company GfK in 2004, K&H Bank told MTI on Friday.

K&H Bank attributed the rise in confidence to SMEs' positive reception of the government's 29-point action plan announced on June 8. The survey was carried out on June 7-14.

The sub-index for economic policy and taxes jumped 16.5 points to 28 as 63% of the 700 managers interviewed said the government's economic policy would be more business-friendly in the coming year and almost half said taxes would be lower.

About 77% of managers projected growing revenue. They planned 6.6% revenue growth and a 4.5% increase in profit on average. (MTI-Econews)