The National Bank of Hungary published results from its joint MNB–Hungarian Chamber of Commerce and Industry (MKIK) Business Survey using a new methodology intended to provide a more direct picture of companies’ current situation and prospects. The resulting MNB–MKIK corporate economic index has improved over the past two months but still points to a subdued economic environment overall, while firms’ expectations for the future are more favourable than their assessment of current conditions. The survey forms part of a five-point cooperation agreement signed in April and reached 1,500 enterprises, with results available by company size and industry. The central bank reported that the index closely tracks the annual change in quarterly GDP, and that respondents most commonly identified weak demand, high energy prices and inflation-related costs as constraints on activity, supporting more granular monitoring of adjustment trends and the evolution of cost and demand pressures.
National Bank of Hungary 2025-11-27
National Bank of Hungary presents new-methodology MNB-MKIK Business Survey showing subdued activity and improving expectations
The National Bank of Hungary and the Hungarian Chamber of Commerce and Industry released a business survey using a new methodology. The MNB–MKIK corporate economic index shows improvement but indicates a subdued economic environment, with firms' future expectations more positive than current assessments. The survey highlights weak demand, high energy prices, and inflation-related costs as key constraints on activity.