VOSZ Barometer: the decrease in purchasing power shocked SMEs in 2023
According to the data of the 2023 fourth quarter survey completed on behalf of the National Association of Entrepreneurs and Employers (VOSZ), the business mood continued to deteriorate, this time again by the Equilibrium Institute, which VOSZ started measuring a year ago the economic mood of its member companies.
According to the fourth quarter data, the VOSZ Barometer Index has already dropped to 50% from 61% at the beginning of the year. At the press conference presenting the latest research, it was also said that the main problems and difficulties for the VOSZ member companies were decreasing purchasing power, inflation, and, as a new element, the deterioration of payment morale.
At the press conference presenting the results of the research, the Equilibrium Institute also announced that after the 17.6% inflation in 2023, according to their calculations, inflation can be expected to be 5.7% this year. Last year, a GDP decline of 0.6% was measured, while in 2024 growth is expected to be +3.2%.
Related news
Hungarian shoppers love prize games, according to a recent survey
Almost all Hungarian shoppers are willing to spend more if…
Read more >The domestic SME sector is cautiously waiting
In the case of domestic small and medium-sized enterprises, we…
Read more >A new set of employee values is taking shape – or what does a “good workplace” mean today?
Randstad’s Workmonitor 2025 provides a comprehensive picture of how employees’…
Read more >Related news
New markdown limit in drugstores to come from May 19 – thousands of products could be affected
According to the announcement of the Minister of Chancellery Gergely…
Read more >Hungarian shoppers love prize games, according to a recent survey
Almost all Hungarian shoppers are willing to spend more if…
Read more >Sustainability at its best: the Respray refill machine has arrived at Rossmann for nationwide expansion
The world’s first spray product refilling machine, Respray, has grown…
Read more >