Jelen elemzés célja a hazai vállalkozásoknál tapasztalható munkaerőhiány mértékének, valamint annak megelőzési és kezelési lehetőségeinek feltárása. Az elemzés az MKIK Gazdaság- és Vállalkozáskutató Intézet (MKIK GVI) negyedéves vállalati konjunktúravizsgálatának 2022. januári eredményein alapul. A felmérésben 279 kis- és középvállalkozás (20–249 fő között) és 71 nagyvállalkozás (250 fő felett) vett részt.

Az elemzések mellékelten olvashatók.

Mellékletek:

Összefoglaló

Elemzés

Az elemzés ábrái

Borrowing in the corporate sector in Hungary, 2011-2020

HCIC’s Institute for Economic and Enterprise Research (IEER) analysed Hungarian companies’ borrowing habits and experiences. The data analysed here originate from the quarterly business climate surveys conducted by IEER focusing on perceived business loan eligibility requirements (16 times since October 2011) and on the types of loans taken out (18 times since October 2011). In this matter a total of 7129 Hungarian companies were surveyed. Below we shall present the results of the most recent quarterly business climate survey (January 2020) put into context by a timeline of the past decade’s credit trends in the second part of our analysis.

According to the results of the January 2020 survey 43 per cent of companies operated without any business loans to pay off. Their rate was especially high among 100-249 companies (49%) and in the processing industry (45%). Working capital credit was still the most popular type (38%), followed by investment credit (31%) in all industries regardless company size. As for currency, loans in forint (HUF) and euro (EUR) were generally taken out (67% and 51% respectively), the latter mostly by exporters. Loans were most commonly taken out by minor exporters (65%) and fully domestic companies (67%).

With regard to company size, investment credit was the most popular with companies employing over 50 staff (32-33%), while working capital credit was mostly chosen by 50-99 companies (39%) and 250+ companies (41%). The rate of processing companies taking out a working capital loan was especially high (43%), however, the rate of companies without any business loan was also the highest in this industrial sector (45%). At the same time, only 32% of companies offering economic services reported to have operated without business loans. The rate with trading and construction companies was 42%. All in all, investment projects were still not very popular among the smallest of the companies, while investment activity was more or less the same in all sectors.

To read further, click on the attached document below

Mellékletek:

MBET_April

Hungarian businesses' perceptions concerning the economic effects of the coronavirus pandemic

The Hungarian Chamber of Commerce and Industry (HCCI) surveyed Hungarian companies about the economic effects of the global pandemic. In the first wave, there were 16340 respondents answering by 23rd March, 2020. Incoming answers were analysed by HCCI's Institute for Economic and Enterprise Research. In the survey the overwhelming majority of businesses (83%) reported an unfavourable business situation. This is particularly true for companies specialising in accommodation/catering services, trade and delivery/logistics – these branches being the most vulnerable to the pandemic. Furthermore, business have become much more pessimistic since mid-March. Since then, the number of companies deeming their situation as most unfavourable increased by almost twofold (from 37 to 67 per cent). Almost a half (41 per cent) of the surveyed companies experienced serious hindering issues that were linked to the spread of the virus.

This analysis features three main aspects: companies' expectations about the business situation in the future, their perception of the current situation, and crisis management options. The vast majority of respondents (83 per cent) expects a deterioration in their business outlook although the adverse effects are currently experienced by somewhat less than a half of them. Yet the overwhelming majority of respondents (about 83%) have no emergency scenario to manage the crisis. Among those who do have crisis management strategies the most popular solution is working from home (i. e. home office): almost a third of such companies would switch to home office when needed.

The impact of the pandemic on companies' business situations

The majority (83%) of respondents thinks that their company will have to grapple with an unfavourable business situation in the upcoming six months, while 50% expects a particularly gloomy business situation in the next half. 13 per cent believes that their situation will not change, and only 5 per cent expects a boost.
As for company size, SMEs employing 10-49 people see their futures the darkest. The rate of SMEs that expect unfavourable or very poor future business situations is quite high (86%) compared to others. Looking at industries we find that these expectations are the most common among companies specialising in accommodation and catering services (93 percent), trade (86 per cent), delivery and logistics (86 per cent) and miscellaneous services (86 per cent), as shown in Figure 1.

To read further, click on the attached document below

Mellékletek:

MBET_March

Macroeconomic trends in Hungary
Hungarian economic tendencies will be presented in the article below via an overview of the most important macroeconomic indicators such as GDP, employment, gross wages, investments, industrial production and foreign trade, from directly after the crisis to 2019.

In 2009 the Hungarian economy found itself in a remarkably deep crisis. The recession was almost as severe as the transformational crisis (1991-1995) caused by the regime shift. The crisis resulted in plummeting economic performance - GDP fell 6.5% by the end of the year 2009. This downward tendency slowed down in the first half of 2010, turning into growth in mid-2010, and in the second half of the same year the growth rate was back at the pre-crisis level. Then in 2011, owing to the crisis of the Eurozone, the international economic environment became quite unfavourable again.

The Hungarian economy relapsed in 2012, with GDP dropping by 1.5%. Finally, recovery came in 2013 with a growth rate of 2.2%, and the next year saw a 4.1% growth year-on-year. There was a mild slowdown in 2015 and 2016 with growth rates of 3.5% and 2.2% respectively, followed by a surge to 4.1% in 2017. 2018 was a top year when GDP growth shot up to 5.1%. The first three quarters of 2019 saw similar growth rates. In the first two quarters, economy grew by 5.2%, and in the third quarter the rate was somewhat lower at 4.8% compared to the same period of the previous year.

Recovery after the crisis was much slower in Hungary than in its number one target country for exports, Germany. On all accounts, the Hungarian crisis was much deeper than the one Germany had to recover from. Furthermore, recovery in Hungary could only start later than in Germany. Although recession affected the two economies at an equal strength and at an equal speed, in the first quarter after the turning point in 2009 the German economy could recover remarkably quickly. By early 2011 the German economy had been back at pre-crisis levels and has grown almost unintermittently ever since. Hungary, on the other hand, had to deal with a prolonged recession, only reaching pre-crisis levels in the third quarter of 2014. The growth rate difference between the two economies levelled out between the first quarter of 2016 and the fourth quarter of 2017, and in 2018 the Hungarian growth rate spiked up and overtook that of Germany. In 2019 the Hungarian growth rate difference was 6-7% over Germany.

To read further, click on the attached document below

Mellékletek:

MBET_20201