Business confidence slips to lowest level in a year

Analysis

The business confidence index of the National Bank of Hungary (MNB) fell to +4 points in March from +15 points in the previous month amid the first weeks of the war in Ukraine, state news wire MTI reports.

The gauge of companies' assessment of the current situation dropped to -5 points. 

The measure of expectations fell to +14 points from +29 points.

Capacity usage was at 95%, 1 percentage point higher than a year earlier.

The percentage of companies that plan new hires exceeded the share of ones that plan layoffs by 19 percentage points.

The gauge of investment plans fell from the previous month but was still at +37 points.

 

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