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BUSINESS SENTIMENT IMPROVES, CHAMBER SURVEY SHOWS

 

The business confidence index of the Hungarian Chamber of Commerce and Industry’s (MKIK) Economic Research Institute (GVI) rose to -6 points in July from -18 a quarter earlier, MKIK GVI said. The index dropped into negative territory in the previous quarter for the first time since the survey’s launch in 2010. The quarterly confidence index rose 7 points to 5 among commercial businesses, was up by 3 points at 2 in the construction sector and increased 15 points to -6 among companies providing business services. In the manufacturing sector, the index rose 14 points to -9.