VOSZ Business Confidence Index Falls in Q3

The business sentiment component of the VOSZ Barometer dropped five percentage points from the previous quarter to 58%, Kozák said on Tuesday.

Just 22% of VOSZ members expect to hire new staff. Approximately 26% of the association’s members plan investments.

Around 61% adjusted their prices to account for inflation during the quarter, according to the index.

The survey covered approximately 600 small and medium-sized enterprises in Hungary, including 400 VOSZ members.