Businesses improve their economic development expectations – NBU survey

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In the third quarter of 2021, companies improved their expectations regarding total sales of their own production, capital costs for construction and the number of employees in companies.

This is evidenced by the results of a survey of senior business leaders that the NBU conducted in the third quarter of 2021, Ukrinform reports with reference to the central bank’s press service.

“For the third quarter in a row, companies have significantly improved their expectations for the growth of production of goods and services in Ukraine over the next 12 months. The balance of responses rose to 21.6% against 15.9% in the second quarter of 2021 , indicates the report.

Companies of all types of economic activity, sizes by number of employees and in the vast majority of regions expect an increase in their own production.

In general, respondents from all types of economic activities said they expected their financial and economic situation to improve, with the exception of energy and water utilities who believe that their situation will remain unchanged in the past. over the next 12 months.

For the third quarter in a row, business expectations regarding the hryvnia exchange rate also improved. At the same time, inflation expectations deteriorated after improving for two consecutive quarters: in the third quarter, expected annual inflation was 7.8%, compared to 7.2% in the previous quarter.

Respondents also improved their assessment of the current financial and economic situation of their own businesses: the balance of responses was 7.0% compared to 6.0% in the second quarter.

The survey was carried out between August 3 and September 2, 2021 among 690 companies from 22 regions of Ukraine (excluding the temporarily occupied territories of the Autonomous Republic of Crimea, Donetsk and Luhansk regions). Among the companies questioned, 18.3% are processing companies, 20.7% – wholesale companies, 14.9% – agricultural companies, 13.3% – transport companies, 6.8% – mining companies, 4.8% – electricity and water distribution companies, 3.2% – building companies, 18.0% – companies from other industries.

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