Hotels and restaurants at highest risk from inflation

The percentage of companies who believe that their business will deteriorate in the coming months due to rising prices has risen to 58.5%, according to the EFL Barometer for Q2 2023, up from 47.5% in the previous quarter. The sectors most threatened by inflation are HoReCa and retail, with 80% and 73% of respondents expressing concerns, respectively, while transport companies feel the most secure, with only 32.5% expressing inflationary concerns. The survey also found that the percentage of entrepreneurs who believe that inflation will have a positive impact has dropped from 5% to 0%, while those predicting a stagnation has fallen from 36% to 30%. The EFL Barometer is a synthetic index prepared by Ecorys for the European Leasing Fund, and its participants are micro, small, and medium-sized companies across Poland.

Source: ISBnews