K&H: companies are waiting for innovation

By: Trademagazin Date: 2023. 06. 08. 11:39

Digitization keeps the innovation activity of domestic companies at a level. Companies wait to introduce new products and services, rather they try to make their own background processes more efficient. Thus, K&H’s innovation index remained at the same level.

As a gap-filling initiative, K&H relaunched its own innovation index at the beginning of 2021, which shows from time to time where the Hungarian economy stands in the innovation competition and what developments the economic actors are preparing for the future. The overall picture is not very bright: the K&H innovation index has barely shown signs of life among Hungarian economic actors since the beginning: it only reached 28 points in the first half of 2023, i.e. unchanged compared to the previous half. At the start of the index, this value was still 31 points – barely higher than today. Currently, the opposing forces cancel each other out, as the sub-index of digital innovation increased by 2 points, while the sub-index of innovation strategy decreased by 2 points, and the sub-index of implemented innovations decreased by 1 point.