News

03 February, 2012
Expected demand for graduates, competences, recruitment difficulties and prestige of higher education institutions
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19 October, 2011
An overview of IEER’s Reseach Program on New Graduates in the Business Sector – Presentation at CEDEFOP Workshop in Budapest, Corvinus Universty of Budapest, 19 October 2011.
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12 May, 2011 10:00
Press conference: Business Climate 1/2011 (April)
Improving expectations, unstable business environment
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17 February, 2011
Press Release: Corruption Risks in the Hungarian Business Sector – 2010
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14 February, 2011
Suggestions for the business strategy improvement procedure of Kecskemét Regional Integrated Vocational Training Centre not-for-profit organization and the delineation of an effective monitoring system. An overview of alternative scenarios and information
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Research

12 May, 2011

Business Climate 1/2011 (April)

Improving expectations, unstable business environment

 

The Institute for Economic and Enterprise Research conducts a survey on the business climate among Hungarian enterprises since 1998. The survey relies on the answers of 1300-2000 managers and measures their opinion twice a year, every April and October and as such it gives the most extended sample of enterprises in Hungary among the similar business tendency surveys. Our research is part of an Eurochambres survey, all together involving more than 14 million enterprises to a European business tendency survey research program by now. In the past ten years, our findings seem to predict accurately the expected change in the GDP of Hungary. Our key findings had been used by OECD, IMF and the Hungarian government as well.

This time, our database consists the answers of 1803 enterprises. After the turning-point in October 2009, the business anticipations of Hungarian enterprises are continuously ameliorated: the indicators seem still to be in positive range even in comparison with last year. While the IEER Business Climate Index stayed at +10.4 last October, by April 2011 it reached +16.8. According to our results, the recession in the Hungarian economy is now over its nadir, there are improving business anticipations and business confidence. Although way out of recession has started in October 2009, the process is rather slow.

The IEER Uncertainty Index did not change over the last half a year; still stays at value 45.5 which is considered to be high. This means that there are still a significant number of enterprises without counting on the improvement of business climate.

 

 

 

 

Attachments

Presentation at press conference (in Hungarian) (pdf, 118 KB)
Unabridged study (in Hungarian, word file) (doc, 665 KB)
Unabridged study (in Hungarian, pdf file) (pdf, 373 KB)
IEER Business Climate Index - time series data (xls, 81 KB)