GVI business confidence index rises
The business confidence index of the Economic Research Institute (GVI) of the Hungarian Chamber of Commerce and Industry (MKIK) rose to +28 points in April from +14 points in October, according to piacesprofit.hu.
The index has been on the rise since bottoming out at -25 points in April 2020. GVI said company managers' outlooks for doing business, investments, and orders "significantly improved."
Foreign-owned businesses, exporters, construction companies, and those with a headcount of between 50 and 249 were more optimistic about the climate for doing business, while small companies and microbusinesses continued to anticipate a recession, in spite of improvements.
GVI's gauge of expected labor market demand rose close to levels in April 2019. GVI surveyed 2,790 managers to compile the index.
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.