Business confidence measured by the Confederation of Hungarian Business (VOSZ) in Hungary stood at 50% in the third quarter, unchanged from the previous quarter and 2 percentage points down from the same period a year earlier, VOSZ said on Thursday.
As MTI reports, the index is based on responses of the some 400 VOSZ member companies.
Among the sub-indices of the VOSZ Barometer, the gauge of propensity to make investments fell 1 percentage point from the previous quarter to 32%.
The measure of business sentiment rose 2 percentage points from the previous quarter to 58%.
Respondents listed high taxes, inflation and weakening purchasing power as the main problems concerning the country's economic situation, while naming loss-making operation due to falling orders as the main risk to their own business.
The survey shows 8% of interviewees said they would need to lay off staff this year and 85% said they have no plans to increase wages, a much higher percentage than in recent years.
Around 72% of respondents said they adjusted their prices to inflation.
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