The results of the latest quarterly business climate survey reveal slightly more favourable economic condition compared to the previous quarter: the IEER Quarterly Business Climate Index increased from 32 to 33 points, which is the highest value in the history of the indicator. It was only 24 points in the same period of the previous year. The Uncertainty Index is at a current level of 35 points, which is slightly lower than in the previous quarter (it was 37 points in January 2016). 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.