The survey In July 2014 showed that in Hungary the level of business confidence improved further compared to that seen in the previous quarter, thus we have three consecutive quarters in which growing business confidence was detected. The GVI Quarterly Business Climate Indicator for April rose 9 points to 18 points, also with three consecutive quarters of increases. This 18 points is the highest value recorded since the beginning of the current research (2010), and the last time the index was at a similar level was in early 2011 (in January 2011 it reached 16 points). The Uncertainty Index stood at a level of 35 points, one point below the value in April; this refers to stagnation in uncertainty following a sharp rise at the beginning of the year. The current level is below the 36-point level from two years earlier (in July 2013 it was 37 points; in July 2012 it was 42 points). The uncertainty index value indicates that the current trend does not uniformly affect the business community and will continue to affect only one part of the economy; others have not yet been affected.