Fewer Companies Plan to Invest, DUIHK Survey Finds – BBJ

The survey of 209 companies conducted in October shows 34% expect their own business situation to worsen, while just 18% expect an improvement. In the previous survey, conducted in the spring, 28% of companies expected an improvement and 26% augured a deterioration. 

Around 37% of companies said they planned to cut back on capital expenditures and just 25% signaled growing Capex. The ratio of companies that plan to spend less on investments exceeded that of businesses that want to boost spending for the first time in 10 years, DUIHK noted. 

The share of companies that plan layoffs (21%) also exceeded the share that plan new hires (18%) for the first time in a decade. Companies counted weakening demand, the shortage of trained workers and higher labor costs among business risks they face.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.

Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.

We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.