Manufacturing companies are still enthusiastic

The sentiment index that consists of two subjective elements shows bigger and bigger swings although it has not fallen below 50 points (that is the borderline between pessimism and optimism). The index is pulled by the increasing domestic consumption and construction industry. The trend value of the sentiment index is 63 which is pretty good compared to the past years.bizalmi_angol

After a slowdown the confidence index began to sharply increase. This indicator contains objective elements only such as inventory level that is low, and stock of orders. Production prognosis indicates good future performance, too. The possible length of that optimism is unknown because there are several barriers which hinder production. One is the chronic shortage of skilled labour. Beside that the confidence in economic policy is very low and several companies mentioned the lack of new EU tenders.