Fewer customers is an increasingly pressing problem for SMEs
The lack of demand is causing more and more difficulties, endangering the operation of a quarter of the companies, according to the results of the second quarter of the K&H SME Confidence Index research. Inflation and high energy costs have hindered even more businesses in the past six months, while the shortage of professionals and raw materials is less present in everyday life. Half of the companies already have a plan to reduce energy costs, with modernization in first place.
In the last six months, the SME sector could not breathe. According to the latest results of our K&H SME confidence index research, which indicates the expectations of Hungarian micro, small and medium-sized enterprises, inflation (37%) and energy costs (34%) continued to hinder the operation of companies the most in the last 6 months. After that, however, the order was significantly rearranged.
“The exchange rate change (28%) was listed by the company managers as the third factor among the factors that make business difficult, which mainly affected small and medium-sized enterprises more sensitively. As a result of inflation, taxes, contributions and wage increases put an ever-increasing burden on companies, with one in four businesses causing problems in their daily operations, and another 24 percent also had to face a lack of demand. For the latter two factors, we see that they are becoming more and more prominent from quarter to quarter, such high ratios have not been seen in the history of the index in the past 3 years, not even during the coronavirus.”
Zoltán Rammacher, marketing and sales manager of K&H SME, detailed the results.
Related news
K&H Analyst Commentary: The forint is on the rise
The forint, the Polish zloty and the Czech koruna are…
Read more >K&H: collaboration with the capital in the name of climate neutrality
Budapest Metropolitan Municipality and K&H Bank have signed a Memorandum…
Read more >SMEs’ optimism regarding public charges improved in the first quarter of the year
The proportion of business leaders who believe that public charges…
Read more >Related news
A “full-on” experience in the DM – got2b’s summer beauty event took self-expression to a new level
Creative self-expression, new dimensions of hair styling and uniqueness were…
Read more >Voluntary price restrictions on medicines come into effect today
.The government always acts against unjustified price increases in the…
Read more >The number of residential air conditioners in Hungary could increase by one million – so let’s choose wisely
The number of household air conditioners in Hungary has increased…
Read more >