Big company confidence slips, SME sentiment improves in August

Analysis

Confidence slipped slightly in August at Hungary's biggest companies, but improved at SMEs, the latest measure of confidence by Ecostat shows.

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.

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.

Support the BBJ

Statistics