Less optimistic Hungarian SMEs

According to K&H’s latest SME confidence index, small and medium-sized Hungarian businesses were 10 points less optimistic in the 3rd quarter of 2018 – the index was at 7 points. Viktor Zoltán Kovács, the head of K&H Bank’s SME marketing division told our magazine that despite the considerable drop, SMEs are still rather optimistic about the 12 months ahead of them, as the index has been in the positive zone for two years now. Medium-sized enterprises have remained the most confident, but their index fell too, from 36 to 15 points. The decline was 18 points in the case of small businesses that were at 4 points. As for micro-business, the index went from 9 to 8 points.