Hungary - Business Confidence

Hungary: Business Confidence

Mnemonic CIB.IHUN
Unit SA
Monthly 61.62 %
Data Dec 2022 -3.8
Nov 2022 -9.9

Series Information

Source European Communities, EUROSTAT
Release Eurostat - Business and Consumer Survey
Frequency Monthly
Start Date 1/31/1996
End Date 12/31/2022

Hungary: Business

Reference Last Previous Units Frequency
Business Confidence Dec 2022 -3.8 -9.9 SA Monthly
Capacity Utilization 2022 Q4 75 79.9 %, SA Quarterly
Industrial Production Nov 2022 122.3 123.2 Index 2015=100, CDASA Monthly
Change in Inventories 2019 Q4 229,086 -77,445 Mil. HUF, NSA Quarterly
Real Change in Inventories 2019 Q4 337,251 83,708 Mil. Ch. HUF, NSA Quarterly

Release Information

Business and consumer surveys provide essential information for economic surveillance, short-term forecasting and economic research. Moreover, they are widely used to detect turning points in the economic cycle. Surveys are therefore a key complement to official statistics, which are often available after long delays.

Business and Consumer Surveys are compiled in accordance with the framework of the Joint Harmonized EU Program of Business and Consumer Surveys - for the following fields: industry, retail trade, building, service sector, investment and consumer. Nowadays the Program includes the current 28 Member States of the European Union.

Confidence indicators are computed for industry, services, building, retail trade and consumers. A composite Economic Sentiment Indicator (ESI) is also computed as an indicator of developments in the industrial, services, construction, consumer and retail trade sectors.

Figures are presented as seasonally adjusted balances, defined as the difference (in percentage points of total answers) between positive and negative answers. Exceptions: ESI (index), confidence indicators (arithmetic average of balances), current level of capacity utilization (percentage) and estimated months of production assured by orders (number of months).

Figures are seasonally adjusted if the series contain at least 36 monthly or 12 quarterly observations.

In general, data are disseminated starting in 1985. For some countries and the service survey, information is only partially available.

 Revisions are rare

For more detailed information please refer to: