New Monthly Enterprises Survey №30, October 2024

The Institute for Economic Research and Policy Consulting (IER) has released the 30-th monthly enterprise survey “Ukrainian business in wartime” for October 2024.

The field stage of the 30-th wave lasted from October 14 – 31, 2024. The enterprise managers compared the work results in October 2024 with September, assessed the indicators at the time of the survey (October 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 30-th monthly enterprise survey:

• In October 2024, the trend towards accelerating recovery continued amid sustained moderate optimism in both the short and medium term.
• Six-month expectations for the business activity at the enterprise and the overall economic environment remain positive and continue to improve gradually.
• Uncertainty in the two-year perspective has decreased somewhat. At the same time, uncertainty in the six months has increased insignificantly for the business activity at the enterprise and without significant changes for the overall economic environment in the country.
• “Dangerous conditions” caused by the ongoing Russian invasion have emerged as the main obstacle to doing business, pushing “labor shortage” into second place.
• “Power outages” dropped from third to fifth place. However, in September 2024, businesses lost 4% of their total working hours due to power outages.
• Negative assessments of the Government’s economic policy have again increased slightly.