Favourable business climate, continued optimistic expectations - IEER Business Climate Survey findings of October 2018
The latest Business Climate Survey of IEER is based on the answers of 2830 CEO respondents. According to the results, Business Climate Index was at 55 points as of October 2018, which has been the highest since records began in 1998. Trends that had started to improve in the previous half continued. Business climate is still regarded by companies as being very favourable, which can mainly be put down to the fact that expectations about investments in construction and machinery became significantly more optimistic in the previous half year. Uncertainty Index, currently at 37 points, is down two points compared to April 2018 results, meaning that the situation assessment of Hungarian businesses have become more homogeneous in the past two quarters.
IEER Business Climate Index by company features
The Business Climate Index was the highest for construction companies (+65 points), followed by industrial firms and companies specialising in commerce (61 and 60 points, respectably). Companies offering business services are a distant fourth (40 points). Half-on-half figures show that only construction and commercial companies saw a significant increase – compared to April, their indicator jumped 10 points...
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