New Monthly Enterprises Survey №29, September 2024

The Institute for Economic Research and Policy Consulting (IER) has released the 29-th monthly enterprise survey “Ukrainian business in wartime” for September 2024.

The field stage of the 29-th wave lasted from September 16 – 30, 2024.

The enterprise managers compared the work results in September 2024 with August, assessed the indicators at the time of the survey (September 2024), and gave forecasts for the next two, three, or six months, depending on the question.In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).

This survey uses a panel sample that includes 500+ enterprises located in 21 of 27 regions of Ukraine, including Vinnytsya, Volyn, Dnipropetrovsk, Zhytomyr, Zakarpattya, Zaporizhzhia, Ivano-Frankivsk, Kyiv, Kirovohrad, Lviv, Odesa, Poltava, Rivne, Sumy, Ternopil, Kharkiv, Khmelnytskyy, Cherkasy, Chernivtsi and Chernihiv regions and the Kyiv city.

Main results of the 29-th monthly enterprise survey:

• In September 2024, the recovery rate improved compared to last year, and companies’ performance showed an increase compared to the previous month.
• Expectations in the short and medium-term horizon remain optimistic, although unchanged, while two-year plans have improved slightly.
• Production indicators improved compared to the previous month. However, the level of uncertainty from a two-year perspective has also increased somewhat.
• The lack of workers has become a key obstacle to doing business, and companies are experiencing difficulties finding skilled workers.
• In August 2024, the business lost 10% of its total working hours due to power outages.