Results of the IEER Business Climate Survey – April 2014

In 2012, there was a greater economic downturn than expected in Hungary (-1.8%) as the gap between the actual level of production and its level before the crisis got deeper again. The biggest drop occurred in the last quarter of 2012 (-2.5% compared to the same period last year, according to seasonally and calendar-adjusted, balanced data). However, according to the currently available data of GDP in the last year reports that the recession is not deepening further and the Hungarian economy is leaving its lowest point. According to the new results of the IEER Business Climate Index a further positive changes can be expected. The IEER Business Climate Index rose to +30 points in April 2014 from +23 points in October 2013.