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MFB company-sentiment indicator rises in autumn

The Hungarian Development Bank (MFB) biannual indicator of sentiment among companies in Hungary rose to 47.0 in the autumn of 2012 from 45.1 in the spring of this year and 45.4 in the autumn of 2011, MFB announced in its November monthly report. An MFB Indictor reading of over 50 indicates positive expectations among companies in Hungary for the upcoming twelve months, while an indicator reading under 50 indicate negative expectations. Three of the four subindices in the indicator - the macroeconomic, investment and financing subindices - rose in the autumn from the spring, and the latter two even shifted over 50 for the first time since the spring of 2011, while the market subindex dropped. The survey showed expectations for better foreign market opportunities, somewhat improved perception of financing conditions and growing invesment activity. MFB noted, however, a strong duality, the ratio of companies with solid investment plans rose parallel with a rise in the percentage of those certain to postpone planned investments.