VOSZ Barometer: purchasing power drop shocked SMEs in 2023

By: Trademagazin editor Date: 2024. 02. 20. 17:05

According to data from the fourth quarter, the VOSZ Barometer Index (a survey commissioned by the National Association of Entrepreneurs and Employers (VOSZ) and conducted and by the Equilibrium Institute) dropped to 50% from the 61% at the beginning of the year.

This article is available for reading in Trade magazin 2024/2-3

At the press event where the survey results were presented, it was revealed that the main problems and difficulties for VOSZ member companies were the declining purchasing power, inflation and – as a new element – the deterioration in the payment morale, told Ákos Kozák, director of business relations at the Equilibrium Institute. He also revealed that the proportion of firms whose managers believe their company’s sales revenue will be at least 10% below plan grew in the last quarter, and the share of those who think it will exceed plan rose to 16%, which is the highest level for the whole year. It is good news that 93% of firms still have no tax debts and 81% have no payment problems, while 10% of businesses have no reserves at all, typically micro or self-employed small businesses. //