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Ukraine’s business activity has grown, but has not reached the level of 2024 – NBU

Photo: NBU

The ongoing factors have remained further seizing critical infrastructure, an increase in business costs, heating and winter electricity, labor deficiency and inflationary processes.

The National Bank of Ukraine recorded an increase in the index of expectations of business activity (iodine) in February 2025 by 5.9 points – up to 46.9. Despite the positive dynamics, the indicator remained below the February 2024 level (47.5). This is proven by data of a monthly businesses survey.

“The resurrection of domestic demand, the expansion of production and increased supply of goods contributed to the improvement of business expectations in all sectors. At the same time, the prevention of critical infrastructure, increasing business costs, heat and electricity in winter, lack of labor deficiency and inflationary processes,” the regulator, “the regulator,” the regulator, “the regulator,” the regulator, “the regulator,” the regulator, “the regulator,” the regulator, “the regulator,” the regulator, “the regulator,” the regulator, “the regulator,” the regulator. “

The industry showed the best expectations of all sectors: the sectoral index in February grew 8.2 points to 50.2 (in February 2024 – 48.3).

“An increase in the volume of products, new orders, including exporting, as well as reserves of raw materials and materials, is expected,” the survey results commented on the regulator.

The construction sector enhances the assessment, but remains unstable due to time, weather conditions and personnel deficiency. The Index in February rose 7.5 points to 44.7 (in February 2024 – 43.7).

“Builders expect to increase the volume of construction, new orders, buying raw materials and contractors. At the same time, negative assessments of accessing contractors and the cost of their services are preserved,” NBU’s NBU records.

The trade shows a steady recovery, the indicator grown by 1.6 points at 49.2, though it will be below February 2024 (50.1).

“Respondents increased trade rates and the balances of goods, and also expected increased purchase of goods for sale. At the same time, they remain configured to reduce trade margin,” the regulator added.

The service sector continues to show careful estimates due to the lack of personnel and the growth of labor and energy costs. The index grew by 1.1 points – up to 42.2 (in February 2024 – 45.3).

“Respondents have less suppressed the amount of services provided, the volume of new orders and volume of services during the implementation process. A more moderate rising price of tariffs for their own services is expected,” the report said.

A monthly survey of businesses was conducted from February 4 to 21, 2025. It was attended by 521 businesses, of which 42.8% represent the industry, 27.4% – the service sector, 24.8% – trade, 5.0% – construction.

Remember that the NBU considers the rapid completion of active hosses in Ukraine that are unlikely and estimated in less than 15%.

Ukraine’s economy has grown compared to last year


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Source: korrespondent

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