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Business Confidence Index Rises to -7 Points

Analysis

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The business confidence index of the National Bank of Hungary (MNB) rose to -7 points in November from -9 points in the previous month, according to a release on the central bank's website. 

The gauge of companies' future expectations climbed to 0 from -5 points, but their assessment of the current situation slipped to -14 points from -12 points, the MNB said. 

Companies reported using 91% of capacity compared to a year earlier, four percentage points lower than a month earlier. The gauge of companies' propensity to make investments climbed to +24 points from +19 points. 

The measure of planned changes to headcount edged up to -3 points from a record low of -4 points.

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