K&H: It turned out what businesses are most afraid of

By: Trademagazin Date: 2023. 11. 23. 12:12

Inflation is still the biggest difficulty for SMEs, but labor shortages have also become a determining factor again. Next year, however, it is not this, but the lack of demand that will be the biggest problem for businesses, according to the latest results of the K&H SME confidence index.

Inflation continues to hold first place in the order of factors hindering the business activities of enterprises, and this is the main difficulty for 36 percent of SMEs. After that, however, a serious reorganization can be observed.

“According to the K&H SME confidence index, which indicates the expectations of Hungarian micro, small and medium-sized enterprises for the next year, the negative impact of energy costs (34%) and forint exchange rate changes (28%), which ranked second in the last quarter, has moderated, so the former is the 28 the latter caused difficulties for 25 percent of them in the last semester. At the same time, however, the labor shortage rose to second place again, as the proportion of companies for whom this is a problem rose from 22 to 29 percent.

Zoltán Rammacher, marketing and sales manager of K&H SME, detailed the latest results.