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  • Monthly Bulletin of Economic Trends

    Contents: IEER quarterly business climate survey results, April 2018 The effects of digitalisation on inflation International trends

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1 of December, 2011Research year: 2011
IEER Monthly Bulletin of Economic Trends

October 2011 was the twenty-eighth occasion of the IEER business climate survey. This is being realized in April and October each year by contacting more than 14,000 companies in cooperation with the regional Chambers. This is the most extensive business climate survey of its kind in Hungary. This research is an integral part of the European business climate survey fulfilled by Eurochambers covering 14 million ventures. In October of this year 1,926 companies filled out our questionnaire – our study was based on these responses from company executives.

The results show that Hungarian enterprises have arrived at a new turning-point: in the autumn of 2011 the recovery, which had been on an upward trend since October 2009, came to an end and the business climate index, which depicts the current situation and expectations of comapanies, worsened again significantly. While the IEER Business Climate Index remained in positive territory, it nevertheless declined considerably from +16.8 points to +1.3 points. The IEER Uncertainty Index hasn’t changed significantly since April and it remains at a high level.

The economic crisis has strongly affected all sectors; the construction industry is especially exposed to the effects of the economic crisis. This sector has so far not shown any signs of recovery.

Unfavourable short-term expectations indicate that Hungarian enterprises anticipate a further deepening of the crisis rather than improvement in the first half of 2012.

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