Hungarys SME sentiment deteriorates further in early-2012.

By bne IntelliNews January 12, 2012
OTP Bank and Policy Agenda's SME confidence index, which estimates confidence among Hungary's small and medium-sized enterprises (SME), continued to deteriorate dropping to 39.8% at the beginning of 2012 from 42.2% in the fourth quarter of 2011, reflecting deterioration of economic growth prospects. The SME managers have become more pessimistic, as 70% of them expect the economic situation to worsen in the next six months. Just over 10% of the respondents expect a slight improvement, as compared to 34% a year ago. Some 39% of SME managers say they expect their own financial situation to deteriorate, while 17% see even a sharp drop. The SME managers expect consumer prices to increase by 9.4% for the next twelve months. The survey was conducted among 700 SME managers.

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