MKIK: Business confidence improves in 2015 Q1

Analysis

A gauge of SME confidence by the Hungarian Chamber of Commerce and Industryʼs (MKIK) Economy and Business Research Institute (GVI) rose to a record 24 points in April, up from 19 points in January. 

The index rose on improved expectations, mirrored by better assessments of investment activity, use of capacity, business position and headcount. Production in the last six months was the only category where sentiment worsened. The measure of SMEsʼ uncertainty grew by 4 points to 39 points, reflecting the uneven nature of economic recovery.

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