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Hungarian company managers growing more optimistic

Company managers in Hungary were more optimistic in December with regard to the economic outlook of both the country and their companies than in September, a survey by Deloitte shows.

40% of the Hungarian respondents said they expected the economy to recover in the next six months, compared to just 25.8% in September.

The survey, which covered managers of big companies in Croatia, the Czech Republic, Hungary, Poland, Romania and Slovakia, shows companies are planning to spend more on purchasing capital goods - a positive sign from the point of view of the companies' growth and expansion.

One-third of those surveyed said they expected to invest more in capital goods over the next 12 months, compared to only 18.5% who said they expected to do so in September.

Hungarian companies were among the most optimistic with regard to sales prospects, with 63.3% of the respondents expecting growing sales revenue in the 18 months ahead, 18 percentage-points more than in September.

In Hungary, 56.7% of the companies surveyed said they could get a loan if needed, an increase of 21 percentage points from the previous survey. (MTI-Econews)