Ecostat’s measure of confidence at Hungarian companies rose 3.3 percentage points to 88.7% in Q3 from Q2, the research arm of Hungary’s Central Statistics Office (KSH) said on Monday.
Companies’ short term expectations improved steadily for a year after bottoming out two years ago, when the government introduced a fiscal tightening program, but fell slightly to move in a narrow range in the quarters after that, Ecostat said.
The TOP-100 index of confidence at Hungary’s biggest hundred companies was 86.5% in Q3. Ecostat’s SME index was 85.8%. Both indices improved compared to Q2, though the TOP-100 rose more. (Reuters)