Results of the IEER Quarterly Business Climate Survey October 2014

Since 2010 the IEER assesses on a quarterly basis the business expectations of Hungarian enterprises using a sample of 400 companies. In October 2014, the survey showed that the level of business confidence deteriorated sharply compared to the previous quarter. This severed the improving trend observed since October last year. The IEER Quarterly Business Climate indicators in July fell from 18 points to 10 points, but was still higher than the level measured a year ago (in October 2013 it was 5 points). The value of the Uncertainty Index was at a 35-point level, which conforms to the value in July. This suggests that the deterioration in business expectations is not universal and that it only concerns a part of the business community.