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VOICE OF THE CHAMBER: Slight Decline of Business Confidence in 2nd Quarter

2019. szeptember 16.

Chamber Press / MTI

In a recent interview with the Hungarian News Agency, MTI, HCCI President Dr. László Parragh has commented on the findings of a survey conducted by the Institute for Economic and Enterprise Research. In July, IEER asked 400 leading corporate managers about the situation of their business expectations. Mr. Parragh told the news agency that according to the records, the level of business confidence in Hungary decreased slightly compared to April 2019. In July 2019 the Quarterly Business Climate Index dropped from 39 points to 33. Mr. Parragh underlined that although the index was still among the highest measured in recent years, it may give reason to concern that large companies were now less optimistic about their future growth than they had been a few months ago. The HCCI warns that industries most exposed to global economic factors such as the automotive,and the construction sectors, may be at the highest risk, and their lower performance may have an adverse affect on the entire national economy. Read or download the full survey from here.

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