Confidence improves since last May

In February, the GKI Sentiment Index has improved, but still not reach the pre-crisis level – states the survey of the GKI Economic Research Co. (www.gki.hu), supported by the European Union.

In the business sphere, expectations improved in all sectors except for industry. In February, the confidence index in industry fell, after its continuous increase, that started about nine months ago, although this drop was significantly lower than the increase of January. The evaluation of the production of the past three months improved. Furthermore, the ratio of those big firms that consider their production to be above the usual level, compared with those that regard it low, was significantly higher, but the anticipation of the next three months deteriorated. The assessment of the stock of orders was worse too, but in a lower level of aggregation, that of export orders remained unchanged and among the big firms the number of those with high export orders, exceeded those with lower ones.