Business chamber's biannual business confidence index falls

Analysis

Photo by Neomaster / Shutterstock.com

The biannual business confidence index of the Economic Research Institute (GVI) of the Hungarian Chamber of Commerce and Industry (MKIK) fell to +31 points in April from +38 points in October, according to a report by state news wire MTI.

The index drew on a survey of 2,227 managers and executives, a much larger sample than the one GVI uses for its quarterly gauge of business confidence.

Confidence was highest among manufacturing sector companies, at +39 points, while the measure stood at +30 points in the commerce sector, +26 points in the service sector and +20 points in the construction sector. Sentiment deteriorated the most - by 20 points - among construction companies.

Confidence was higher at foreign-owned companies (+42 points) than domestically-owned ones (+26 points).

GVI's gauge of business uncertainty edged up to 53 points in April from 52 points in October

ADVERTISEMENT

80% plan to spend less due to inflation Figures

80% plan to spend less due to inflation

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

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.