The results of the latest quarterly business climate survey reveal considerably more favourable economic condition compared to the previous quarter: the IEER Quarterly Business Climate Index increased from 24 to 32 points, which is the highest value in the history of the indicator. It was only 19 points in the same period of the previous year. The Uncertainty Index is at a current level of 37 points, which is slightly lower than in the previous quarter (it was 38 points in October 2015). The value of the Uncertainty Index indicates that the current trend is not uniform within the private sector, and that it will continue to be confined to one part of the economy and will not be felt by all companies.