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Business expects further economic growth, decline in inflation rate – NBU survey

Business expects further economic growth, decline in inflation rate – NBU survey
17 of October 2019 г.
Ukrainian companies anticipate further economic growth in the next 12 months and a decline in inflation rate up to 6.9% in annual terms - Ukrinform.

This is evidenced by the results of a survey conducted by the National Bank of Ukraine (NBU) among managers of Ukrainian companies in Q3, 2019, the central bank’s press service reported.

"Ukrainian companies have improved their expectations for economic growth in Ukraine and forecast significantly lower inflation than they expected in Q2, 2019," reads the report.

The level of business activity of enterprises remains high: the Business Expectations Index (BEI) for the next 12 months totals 115.3% (117.8% in the previous quarter). Respondents of all types of economic activity predict a revival in business affairs, the central bank stressed.

In particular, optimistic inflation expectations among business representatives have been observed for the third quarter in a row, the NBU noted.

"In general, business expects inflation to reach 6.9% in the next 12 months (7.7% in Q2, 9% in Q1),” reads the report. As before, entrepreneurs named the increase in production costs the most important factor influencing inflation.

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