Business Confidence In Hungary Continues To Improve, Chamber Survey Shows

  • 11 Aug 2014 9:00 AM
Business Confidence In Hungary Continues To Improve, Chamber Survey Shows
The quarterly gauge of business confidence by the Hungarian Chamber of Commerce and Industry’s (MKIK) Economy and Business Research Institute (GVI) rose to +18 points in July from +9 in April. The index last came close to the current level, reaching +16 points, in January 2011.

Businesses were more optimistic about their profitability at present and in the coming months as well as about orders, production levels, expected investments and headcount.

At the same time, the outlook for capacity use deteriorated.

The index is based on a survey of more than 400 companies in the manufacturing, trade, construction and financial services sectors.

Source www.hungarymatters.hu

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