K&H: The SME sector is not expected to be too good
After the downward trend so far, the confidence of the SME sector has now been shaken even more: the K&H SME confidence index, starting from the positive range never seen before, stands at -14 points with a one-time drop of 17 points. Expectations fell in all sectors and revenue categories.

SME’s are facing a tough future
In the third quarter, the K&H SME confidence index, an indicator indicating the expectations of Hungarian micro, small and medium-sized enterprises for the next year, fell from 3 points to -14 points.
“The domestic and global economic events of recent months have severely damaged the future prospects of the SME sector. Although we are seeing a downward trend for the fifth quarter, the index has never fallen so much from the positive range in one quarter. The current shift is one of the largest declines in the 18-year history of the index, the index was lower than this only before 2015. True, the current value is still much higher than the result of -44 points reached at the end of 2011, and the rate of decline is also smaller than the 25-point drop in the negative range in 2008. The main reason for the current fall is that businesses expect higher tax burdens, negative financial results and a worsening of the labor market situation and the competitive situation”
Zoltán Rammacher, head of K&H SME marketing and sales support, summarized the results.
K&H
Related news
Z-gen no longer uses mobile phones for more than just payments
The number and amount of smartphone payments at K&H is…
Read more >Hungarian companies must answer sustainability questions
Hungarian companies have only a few months to prepare: from…
Read more >Sándor Demján Program – Is it really effective support for the SME sector or a state crutch?
Hungarian small and medium-sized enterprises (SMEs) play a significant role…
Read more >Related news
Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >Online grocery shopping also surged ahead of Christmas
The run-up to Christmas affected sales by online supermarket Kifli.hu…
Read more >