Small and medium-sized enterprises (SMEs) report stable conditions, but micro-businesses increasingly struggle with liquidity and sales forecasts. According to the EFL Barometer, the sector scored 50.7 points for Q1 2025, signaling neutral growth conditions. Investments are declining; while 14% foresee growth, 22% plan reductions, up from 14% previously. Sales optimism has dropped for four consecutive quarters, with only 12.5% expecting revenue growth, compared to 21% a year ago.
Financial liquidity confidence is also waning, with just 12% predicting improvement and 18% fearing deterioration. Demand for external financing has risen to 24%.
Micro-enterprises are the most pessimistic, scoring 48.6 points versus 55.5 for medium businesses, reflecting weaker outlooks for investments, sales, and liquidity, despite constituting the majority of the SME sector.
(pb.pl)