Monthly Bulletin of Economic Trends August 2018

IEER quarterly business climate survey results, July 2018


The Quarterly Business Climate Index survey of IEER reveals the opinion of 400 managers on the situation and the outlook of their businesses. The basis used for calculating the Quarterly Business Climate Index and the Quarterly Uncertainty Index is a sample of 300 small and medium-sized enterprises (20-249 employees) and 100 large enterprises (employing 250 persons or more). Surveyed small and medium-sized enterprises were evaluated by using our SME Outlook Business Climate Index and SME Outlook Uncertainty Index.

 

According to our survey conducted in July 2018, the level of business confidence in Hungary was slightly higher quarter on quarter. The Quarterly Business Climate Index was up from 39 points in April to 42 points. The index has never been this high since our business climate records began in 2010 (see figure 1). The Quarterly Uncertainty Index was at 26 points, 2 points lower than the level of the previous quarter. Uncertainty Index values suggest that the business situation has been given a more consistent evaluation by domestic companies compared to the previous quarter.

 

If business confidence levels are examined in the small and medium-sized sector only, we can see that the upward trend since July 2017 is interrupted: the SME Outlook Business Climate Index has dropped from 38 points in April to 34 points (see figure 2). The SME Outlook Uncertainty Index is at 30 points, having decreased by four point since April 2018 - this value indicates that the opinion of small and medium-sized enterprises is more unified than in the previous quarter...

 

Continnued in the Attached file below:

Mellékletek:
Download this file (MBET_Aug_2018.pdf)MBET August 2018

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