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BUSINESS CONFIDENCE CONTINUES TO IMPROVE

 

The business confidence index of the Hungarian Chamber of Commerce and Industry’s (MKIK) economic research institute GVI rose to 55.5 points in October from 52.6 points in April. GVI said this is the highest figure the index has taken since it launched its quarterly confidence surveys in 2010.

The survey is based on interviews with 2,830 company managers, MKIK GVI said. The company managers interviewed became slightly more optimistic about their current and prospective business position. Expectations concerning both machine and construction investments became significantly more positive over the past six months. However, respondents were slightly more pessimistic regarding prospective orders.