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Business confidence improves in January

Ecostat's TOP 100 measure of confidence at Hungary's hundred biggest companies rose more than 3%age points to 71.8% in January from 68.6% in December, while the SME index climbed 7%age points to 67.8% after falling in December, Ecostat told MTI.

The survey shows one-quarter of the country's biggest companies boosted output in the previous three months, while output fell for 30%.

Only 21% of the companies in the TOP-100 said they expected domestic demand to grow, but 32% predicted rising export demand. About half said order stock was about the same as usual, and 37% said it was lower than usual.

Among SMEs, one-quarter of companies said output could grow in the coming quarter, while 46% predicted stagnation.

About 23% of SMEs expect domestic demand to grow and 24% see it contracting. (MTI – Econews)