Manufacturing sentiment index in spring 2023

Despite the rather unfavourable external economic conditions, the situation of domestic manufacturing companies – both objective and perceived – is surprisingly positive. Based on the responses to the latest Kopint-Tárki Business Sentiment Survey, neither the energy crisis nor high procurement costs and interest rates have caused a lasting shock in the sector. However, the current situation and outlook for the country is perceived by respondents as decidedly worse, suggesting that the government and various organisations have failed to ease the uncertainty among companies. This is leading to increased caution among companies, which is also affecting investment and consumer prices.

A short summary in English is available here, together with the confidence and barometer figures.