Confidence index shows growing optimism
The business confidence index of the Institute for Economic and Enterprise Research (GVI) of the Hungarian Chamber of Commerce and Industry (MKIK) rose to 32 points in July, up from 21 points in April, according to state news wire MTI.
The rise comes as companies have become more optimistic regarding their current profitability, order stock and business position, MKIK GVI Nonprofit told MTI on Wednesday. The survey is based on interviews with 400 company managers, the institute said.
MKIK GVI said the business confidence index has returned to its earlier average 30 points level seen since last January after temporarily falling in April. It added that companiesʼ assessment of their outlook for the future slightly worsened, while indicators of headcount, utilization of capacities and output in the next six months also deteriorated slightly compared to a quarter earlier.
The uncertainty indicator stood slightly lower in July compared to April, MKIK GVI said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.