Takarékbank agriculture index rises

Analysis

pixabay

The expectations of those involved in agriculture improved slightly by the end of the second quarter compared to the first quarter, but the sector remains uncertain, mainly because of reduced export opportunities due to the pandemic and the spring drought, says agroinform.hu.

Photo by Pixabay

Takarékbank’s newly presented agricultural and food industry confidence index, the Takarék AgrárTrend Index, rose 27.5 points from 26.5 points one quarter earlier.

This new confidence index for the sector is based on regular surveys of a group selected from the bank’s agricultural and food customers, as well as analyst surveys, and provides a representative sample of the business expectations of agricultural players.

Based on the product groups and the territorial distribution, the index is able to show the changes and movements from quarter to quarter.

The bank’s agricultural analysts forecast emissions reductions for the entire agri-food industry by the end of this year.

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.

Support the BBJ

Statistics