SMEs expect high sales growth – but how much of this will inflation take away?
Based on the results of the second quarter of the K&H SME Confidence Index 2022, businesses expect a 12 percent increase in sales revenue and a 7 percent increase in profit for the year ahead. This is the highest expected increase in sales revenue in the history of the index, but it is also the same as the MNB’s annual inflation forecast for this year, so a further rise in prices may bring negative financial results in real terms.
Based on the results of the K&H SME confidence index, which examined the expectations of Hungarian micro, small and medium-sized enterprises between May 16 and June 18, Hungarian SMEs expect the highest increase in sales in the last 18 years.
“According to the survey, businesses plan for a 12 percent increase in sales revenue for the next year. This is practically the same as the expected price increase this year stated in the MNB’s latest inflation report, so the question is how much profit SMEs will actually be able to realize”
– analyzed the results by Zoltán Rammacher, head of K&H SME marketing and sales support.
“For the time being, expectations for profit growth are at 7 percent, however, the impact of the significant changes in taxation and the money market have not yet appeared in the respondents’ expectations”
– emphasized the SME specialist.
Related news
On average, half a million forints could be saved per year in single-family homes, according to K&H’s utility calculator
With just a few clicks, you can find out about…
Read more >The domestic SME sector is cautiously waiting
In the case of domestic small and medium-sized enterprises, we…
Read more >MNB: The Monetary Council did not change the base rate
The MNB Monetary Council did not change the central bank’s…
Read more >Related news
Ice cream ferry and battle of Balaton flavors – the Balaton Fagyija election is coming
On May 9th, not only will the ferry between Tihany…
Read more >Food truck season kicks off with a goulash cannon and a dachshund race
Hundreds of years old “food trucks” are arriving at Kincsem…
Read more >Nestlé rolls out KitKat chocolate tablets in Romania
Nestlé has launched a new 99g KitKat chocolate tablet line…
Read more >