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The Top-100 confidence index, which reflects the outlook of large companies, rose two points to 55 during the month. This was driven by flying confidence in the country's economic prospects, with 52% expecting an upturn and merely 4% foreseeing deterioration.
Regarding their own companies, large firms were slightly more pessimistic than in July but still outlining rosier forecasts than in the first months of the year. Among others, Top-100 companies expected both export and domestic demand to stabilize at current strong levels in the coming months, although a majority still reported surplus manufacturing capacities.
In other findings, Ecostat's survey revealed that 60% of large companies planned investments in the coming month, although relatively few respondents plan to introduce new technologies in the process. While inflationary expectations were more pessimistic than official forecasts, Top-100 firms appeared to show restraint in their pricing policies, with planned price hikes averaging just 2.2%.
Ecostat's survey of SMEs showed the confidence index rise more than six points, exceeding 50% for the first time since October 2004. Compared to the July survey, twice as many respondents gave a thumbs-up for the Hungarian economy, while the number of those expecting an upturn in their own companies' fortunes also increased, from 21% to 37%.
