K&H: annual expectations of the SMEs deteriorated

The confidence of the domestic small and medium-sized enterprises (SMEs) has become worse. K&H’s confidence index indicating the expectations for the coming year worsened from the year beginning’s 11 points to 1 point, breaking the trend of the past five years – K&H Bank told MTI.

According to the information, the current 10-point drop is significant, but the expectations remain in positive direction at the same time for half a year.
The K&H and the GfK Magyarország prepare the quarterly SME confidence index research since 2004, interviewing 500 business decision makers of companies with Hungarian headquarters and under 2 billion HUF annual revenue. The latest survey took place between 22 February and 7 March 2017. (MTI)