Business remains positive regarding macroeconomic indicators
Ukrainian enterprises remain positive with regards to macroeconomic situation in the country. It's confirmed by the results of survey among heads of companies that was conducted by the National Bank of Ukraine (NBU) in Q2 2018.
As to the Central bank's web site, index of business expectations for the next 12 months is 118.3%. High rate of economic activities growth shall remain due to improved prognosis for financial and economic state of own enterprises and investment expenses for constrcution.
Respondents are positive with regards to financial ans economic state of their enterprises. Similar to the previous quarter, 88% of them assess it as "satisfactory" or "good".
Meanwhile the surveyed note low surplus of finished products and absence of own production capacities to address extra demand growth.
Expectations to sell own products in the future are high as well as with regards to investment expenses on machines and equipment.
At the same time, enterprises' expectations to borrow funds are lower. 31.7% of respondents plan to get loan in the bank (38.3% were in Q1 2018).
The enterprises are still more interested in loans in local currency. The same result was recorded in previous surveys.
Mian factors which restrain business to attarct new loans are their high cost, requirements stengthening to pledge, difficulties in documents completion.
In Q2, the enterprises also improved expectations on goods and services production growth for the next 12 months: expectations rate is 22.2% (19% in Q1 2018).
"The trend remains positive for nine quarters in row. More than a half of about 35% of surveyed enterprises expect the production will remain at the present level. The growth is expected by the enterprises of all basic activities meanwhile enterprises supplying power and water are more positive in their expectations," the release states.
Consumer prices growth is anticipated at 9.6% (11% in Q1 2018).
"Despite of business inflation expectations for the next 12 months have improved, they are still higher than the trigger. The respondents noted production costs as the most important factors influencing prices," the NBU added.
The situation in currency market remains important factor but the its influence expectations are lower compared with the previous survey - to 65.7% from 81.3%.
The business expects population revenue income, prices on internationsl markets, budget social expenses will influence prices.
The NBU specifies that survey was conducted from May 10 till June 5, 2018. 665 enterpises from 22 regions (except for occupied Autonomous Republic of crimea and Donetsk and Lugansk regions) participated in the survey. The enterprises represented different basic economic activities, ownership and number of employees.
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