Business Confidence in Hungary decreased to 1.50 points in December from 7 points in November of 2019. Business Confidence in Hungary averaged -4.21 points from 1996 until 2019, reaching an all time high of 17.30 points in July of 2018 and a record low of -37.70 points in March of 2009.

Business Confidence in Hungary is expected to be 10.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Hungary to stand at 10.00 in 12 months time. In the long-term, the Hungary Business Confidence is projected to trend around 14.00 points in 2020, according to our econometric models.

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Hungary Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
1.50 7.00 17.30 -37.70 1996 - 2019 points Monthly


Hungary Business Confidence
In Hungary, GKI Economic Research business confidence index measures the level of optimism that people who run companies have about the performance of the economy and how they feel about their organizations’ prospects. GKI approaches 5-6 thousand companies with legal status employing more than 20 persons each month. Out of them, some 1000-1200 undertakings respond to its questionnaire. .

Hungary Business Last Previous Highest Lowest Unit
Business Confidence 1.50 7.00 17.30 -37.70 points [+]
Industrial Production 3.60 6.10 23.50 -28.99 percent [+]
Industrial Production Mom -1.00 -0.40 16.60 -13.10 percent [+]
Manufacturing Production 4.20 6.10 34.80 -31.40 percent [+]
New Orders 105.40 100.90 266.90 50.30 points [+]
Changes in Inventories -110544.00 -356875.00 456415.00 -443317.00 HUF Million [+]
Car Registrations 16139.00 14215.00 21340.00 2425.00 [+]
Internet Speed 14814.21 14300.93 14814.21 2884.96 KBps [+]
IP Addresses 2456014.00 2513970.00 2810081.00 1052005.00 IP [+]
Manufacturing Pmi 53.90 53.10 61.20 37.20 points [+]
Mining Production -4.00 8.40 138.30 -50.00 percent [+]
Steel Production 163.00 141.00 272.00 37.00 Thousand Tonnes [+]
Competitiveness Index 65.08 64.31 65.08 4.21 Points [+]
Competitiveness Rank 47.00 48.00 63.00 38.00 [+]
Capacity Utilization 80.20 84.00 87.90 67.80 percent [+]
Ease of Doing Business 52.00 53.00 54.00 40.00 [+]
Electricity Production 3219.00 2685.00 3727.00 1974.00 Gigawatt-hour [+]
Corruption Index 44.00 46.00 55.00 41.20 Points [+]
Corruption Rank 70.00 64.00 70.00 28.00 [+]