In September, business restored positive assessments of the results of its own economic activity. This is evidenced by the Business Activity Expectations Index (BIA), which the National Bank calculates monthly.In September 2025, the BIA increased to 50.4 from 49.0 in August 2025 and was higher than the level in September 2024 (48.7). This is reported by the press service of the regulator. The improvement in sentiment was facilitated by:stable consumer demand;stable situation in the energy sector;budget financing for infrastructure restoration and road construction;slowing inflation rates; stable situation in the foreign exchange market.
Restraining factors continued to be:increasing intensity of shelling; significant costs for restoration; increase in tariffs; shortage of qualified personnel.
Trade enterprises were the most optimistic among respondents due to sufficient supply of goods, lively demand and slowing inflation: the sector index increased to 54.0 in September (from 51.8 in August).Construction enterprises did not expect changes in their activities, despite the financing of road construction, stable domestic demand, as well as seasonal conditions: sector index – 50.0 (in August – 54.0).Industrial enterprises softened their assessments, despite the further destruction of production capacities and overcoming their consequences, as well as the lack of qualified workers: sector index – 49.1 (in August – from 48.7).Service enterprises also softened their assessments of their economic prospects, despite increasing business costs and complex and high-cost logistics: sector index – 49.4 (in August – 47.0).The surveyed representatives of all business sectors predicted an increase in the price of their own products, goods and services against the background of the expected acceleration of the growth rate of purchase pricesThe situation on the labor market is unstable. In particular, enterprises:construction - plan to gradually increase the total number of employees;trade - leave the number of employees unchanged;industry and the service sector - expect staff reductions.
We remind you that in August this year, Ukrainian business improved its restrained assessments of its business activity. Then the IOSA increased to 49.0 in August from 48.3 in July 2025 and was higher than the level in August 2024 (48.4).
Source: https://fintechinsider.com.ua/ukrayinskyj-biznes-vidnovyv-pozytyvni-oczinky-dilovoyi-aktyvnosti-u-veresni-nbu/
