Results of the IEER SME Outlook Survey January 2015

The HCCI Institute for Economic and Enterprise Research (IEER) SME Outlook business climate survey in January 2015 shows that after the decline observed in the previous quarter the level of business confidence improved again. The Business Climate Index rose to 16 points from the 9 points measured in October. The index is also higher than it was in last January (9 points). The Uncertainty Index is at 35 points level, which is one point lower than its value in October, so the uncertainty seems to stagnate. The 35 points level is slightly higher than the level measured last year (33 points in January 2014), but lower than the level measured two years ago (41 points in January, 2013). The value of the Uncertainty Index suggests that the current tendency is not universal and that it only concerns a part of the business community, others do not perceive it yet.