Still, sentiment at both big and small companies was well under levels in August a year ago. Ecosat’s TOP-100 index, a measure of confidence among Hungary’s 100 biggest companies, fell 1 point to 43 in August from July. Meanwhile, Ecostat’s index for SME confidence rose 4 points to 41. In August 2005, the TOP-100 index showed 55 and the SME index was at 50.7.
The TOP-100 index has shown declining confidence since June. In August, the index slipped on worsening short-term prospects. The SME index showed worsening sentiment in May and July.
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