The mood in Ukrainian business has significantly improved

News

The mood in Ukrainian business has significantly improved

02.03.2021 News

Representatives of Ukrainian business improved their assessments of the economic condition of their enterprises and prospects in February. This follows from a monthly survey of Ukrainian enterprises, the results of which on Monday, March 1, according to the National Bank of Ukraine (NBU).

It is noted that this happened in response to the weakening of quarantine measures.

At the same time, the NBU noted that despite a significant improvement in sentiment, businesses are still reluctant to assess the results of their economic activities. The expectations of enterprises remain below the equilibrium level – the index of business activity expectations (IODA) in February was 48.8 (in January – 37.6).

Industrial enterprises showed better dynamics and for the first time in the last four months were optimistic about their own economic prospects. Trade and services enterprises also significantly improved their economic outlook after the January lockdown. The lowest scores remain in construction enterprises (housing construction).

It also reported that businesses of all sectors predict a rise in prices for their products / services against the backdrop of rise in price of raw materials and goods suppliers.

“Employment estimates remain low. Businesses of all types do not expect an increase in the total number of employees,” the survey said.

The monthly survey of enterprises was conducted from February 3 to February 19, 2021. 194 enterprises took part in the survey.

 

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