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Business Chamber Confidence Index Falls

Analysis

The quarterly business confidence index of the Economic Research Institute (GVI) of the Hungarian Chamber of Commerce and Industry (MKIK) fell to +22 points in July from +36 points in April, according to a report by state news wire MTI.

The gauge of confidence among manufacturers was the highest, at +25 points. The measure was +23 points in the service sector and +17 points in the commerce sector.

The gauge of uncertainty climbed eight points to 41.

The index is based on a survey of 350 executives.

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