By KYIV. Nov 8 (Interfax-Ukraine) – The indicator of business confidence in industry in Ukraine in October 2023 decreased by 2.2 percentage points (p.p.) compared to September, amounting to minus 9.1%, in the processing industry this indicator decreased by 2 p.p. – to “minus” 10.4%, reports the State Statistics Service.
At the same time, the indicator of the business climate in industry and processing industry decreased by 0.1 percentage points, amounting to “minus” 0.1% and “minus” 0.2%, respectively.
According to the State Statistics Service, expectations for the prospects for business activity in 2023 began to improve in January, when the indicator of business confidence in industry increased by 4.2 percentage points from December 2022 – to “minus” 14.2% (in processing – by 7 percentage points, to “minus” 14%) and from April it improved to “minus” 5.5% (“minus” 4%), however, in May it decreased to “minus” 6.8% and “minus” 5%, respectively, and continued its gradual decline during June-October.
The indicator of the business climate in industry from December 2022, when it was minus 1.4% (in the processing industry as well), from April 2023 increased to 0.6% (in the processing industry – to 0.7%), but decreased from October to negative values.
The State Statistics Service reminds that the components for calculating these indicators have seasonally adjusted balance values generated on the basis of reports submitted by enterprises, in particular, estimates of the current volume of orders for production of products (demand) in industry – in October it amounted to “minus” 45%, in processing – “minus” 46%.
October expectations regarding production volumes in the next three months in industry amounted to “plus” 5%, in processing – “plus” 2%, assessment of the current volume of finished product inventories – “minus” 12% and “minus” 13%, respectively, production volume estimate for the previous three months is “minus” 8%, the assessment of the current volume of export demand is “minus” 32% and “minus” 40%.
According to the statistics agency, the supply of orders for enterprises, as in September, is on average four months.
