Less optimistic large companies

Large companies have turned a bit less optimistic in Hungary, according to K&H’s corporate growth index: there was 1-point drop to 11 points. Patrick Van Overloop, the head of K&H’s business banking division told: the index shows the business expectations of privately owned Hungarian companies with annual sales revenue above HUF 2 billion. The small decrease is the result of firms calculating with smaller growth for themselves, but as regards the economic environment, their expectations didn’t change, neither in a 1-year nor in a 3-year perspective. Companies’ sales growth expectations fell from 3.2 percent to 2.8 percent, and they are now thinking in a 1-percent profit growth instead of the former 2.2-percent increase. All of this doesn’t hold back the investment willingness, which jumped from 42 percent to 54 percent in a quarterly comparison. //