October 2013 was the thirty second instance of the HCCI Institute for Economic and Enterprise Research (IEER) business climate survey in which more than 14,000 companies are examined every year in April and October, with the assistance of regional chambers. In Hungary this is the largest study of its kind. This research is a part of the Eurochambres business climate survey, which is an approximately 14 million enterprise-wide study of European business. In October this year 3,514 companies filled out our questionnaire.

The IEER Business Climate Index rose almost 10 points to +23 points from April's +14 points. This represents a medium-high value; the last time a similar level was reached was in 2010. The value of the Uncertainty Index is also very high at a 55-point level. The latter suggests that within the business community readings of positive trends for the year are still not quite clear or uniform. For many firms the business situation has not improved, and their expectations are not positive. Meanwhile, the available data for the current performance of the Hungarian economy, together with the IEER business climate survey data - amidst a high degree of uncertainty surrounding this year and next - project rising GDP growth rates.