Savings Bank has slightly improving expectations, but there is significant uncertainty in agriculture

By: Trademagazin editor Date: 2020. 06. 30. 11:35

Expectations of agricultural participants improved slightly by the end of the second quarter compared to the first quarter, but the sector is still uncertain, mainly due to reduced export opportunities due to the coronavirus pandemic and the spring drought – Hollósi Dávid said on Monday in Budapest.

The managing director of the financial institution’s agricultural business explained that the Takarék AgrárTrend Index, which presents the bank’s new agricultural and food industry prospects, increased to 27.5 points from the 26.5 points of a quarter earlier on a 48-point scale. The confidence index is based on regular surveys of a group of the bank’s agri-food customers and analyst surveys. (MTI)