Monthly Bulletin of Economic Trends | June 2018

IEER quarterly business climate survey results, April 2018

For concluding its Quarterly Business Climate Index survey, IEER asked 400 CEOs about the situation and the outlook of their businesses. The basis used for calculating the Quarterly Business Climate Index and the Quarterly Uncertainty Index was a sample of 300 small and medium-sized enterprises (20-249 employees) and 100 large enterprises (employing 250 people 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 April 2018, the level of business confidence in Hungary was slightly higher quarter on quarter. The Quarterly Business Climate Index was up from 37 points in January to 39. The index has never been this high since business climate records began in 2010 (see figure 1). The Quarterly Uncertainty Index was at 28 points, 4 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 an other improving tendency: Since January, the SME Outlook Business Climate Index has increased by three points to a record-breaking 38 (see figure 2). The SME Outlook Uncertainty Index is at 34 points, having decreased by one point since January 2018 - this value indicates that small and medium-sized enterprises have been of a slightly more uniform opinion...

 

For the full description click the Attachment below:

Mellékletek:
Download this file (MBET_June_2018.pdf)MBET June 2018

Favourable business situation, improving outlook - results of the April 2018 IEER Business Climate Survey

The latest wave of the IEER Business Climate Survey is based on the responses of 3,274
enterprises. According to the findings, the Business Climate Index was at 53 points as of April
2018. This score has been the highest since 1998, the year when surveying began.

Companies still see business climate as favourable. The improving tendency of the previous year
seems to be continuing. For most part this can be put down to the fact that expectations for
unfilled orders have become much higher. Business climate outlook has also improved slightly.

Uncertainty index dropped 3 points below the October value to 39. This might mean that the
optimism of Hungarian businesses has become more uniform compared to previous year’s data...

 

For the full acticle click the Attachment below:

Mellékletek:
Download this file (MBET_May_2018.pdf)MBET May 2018

Monthly Bulletin of Economic Trends January 2019

Results of the October 2018 IEER Quarterly Business Climate Survey


The Quarterly Business Climate Survey of IEER is based on the answers of 400 CEO respondents, now surveyed about their business situation and expectations. The Quarterly Business Climate Index and the Quarterly Uncertainty Index were calculated from the full sample of 300 small and medium-sized enterprises (20-249 employees) and 100 large enterprises (250+ employees). For small and medium-sized enterprises, the SME Outlook Business Climate Index and the SME Outlook Uncertainty Index were calculated.

 

According to October 2018 records, the level of business confidence in Hungary stayed unchanged compared to the previous quarter: the Quarterly Business Climate Index stagnates compared to the 42 points calculated in July. This score has been the highest since records of Quarterly Business Climate Index surveys began in 2010, not unlike the score measured in July (see figure 1). The Quarterly Uncertainty Index is currently at 30 points, which is 4 points up in comparison with the records taken in the previous quarter. This might mean that the perception of the business situation became less uniform among companies since July.

 

However, if business confidence is examined separately, the SME Outlook Business Climate Index has been climbing since the drop in July: from 34 points it is now up at 41 points. This has been the highest score in the history of our SME Outlook Business Climate Index, with records starting in 2005 (see figure 2). The SME Outlook Uncertainty Index, now at 36 points, increased by 6 points since July 2018, meaning that the opinion of small and medium-sized enterprises became less uniform...

 

For the full article, click the Attachment below:

Mellékletek:
Download this file (MBET_Jan_2019.pdf)MBET Jan 2019

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