The HCCI Institute for Economic and Enterprise Research (IEER) business climate survey in April 2015 shows that the level of business confidence in Hungary continued to improve compared to that seen in the previous quarter. The IEER Quarterly Business Climate Index has risen from the January level of 16 to 23 points. The current level is the highest since the beginning of the research (January 2005). The current level of the indicator is higher than it was one year earlier. The Uncertainty Index level is at a current level of 38 points, which is three points higher than the level in January; this indicates increase in uncertainty. The current level is the same as the value recorded one year before and higher than the value recorded two years before (in April 2013 it was 37 points). In addition, the value of the Uncertainty Index indicates that the current trend is not uniform within the private sector, and that the recovery will continue to be confined to one part of the economy and will not be felt by all companies.