While continuing to perceive improving trends in the domestic and global economy, large Hungarian firms have somewhat tempered their optimism over the past month, according to the latest confidence report by research institute Ecostat.
Ecostat's Top-100 confidence index was 54% in August, down from a two-year high of 57% in April-May. Meanwhile, SME confidence was hit harder, falling five points from a high last month to 49 points in August, Ecostat said.
In all, 41% of Top-100 firms perceived Hungary's economic prospects to be improving, down four points from the previous month but still considerably higher than the average of the past year. Despite positive changes in the business environment, brought about by EU accession and a global recovery, only 32% of large companies expected their situation to improve in the coming months, while around 43% foresaw no change.
