14:41 03.10.2019

NBU's business activity outlook index growing for third month in row – NBU

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NBU's business activity outlook index growing for third month in row – NBU

The Business Activity Outlook Index (BAOI) with a BAOI reading above the neutral level of 50 implying a positive business outlook and below the neutral level implying a negative business outlook compared with the previous month grew by 2.1 points in September, to 56.6, the National Bank of Ukraine (NBU) said on Wednesday.

"In September, all sectors approved the results of economic activity. Enterprises also expected growth in new orders, cost of contractor services and purchase prices. Companies that provide services were optimistic," the NBU said in the study.

According to the results of the survey in September, the companies that provide services and industrial enterprises are the most optimistic, for which the index was 57.3 and 58.1 respectively.

According to the report, the largest increase in BAOI was seen in the construction sector – by 7.6 points (to 56.2), thanks to a significant increase in the optimistic expectations of enterprises regarding product prices, the emergence of expectations about the volume of purchases of raw materials and optimistic attitude about the increase in the number of employees in the field.

Along with the general increase in BAOI, the indicator fell by 1 point (to 54.5) in the field of trade. According to the results of the study, despite high estimates of trade turnover, expectations about the goods stocks remain pessimistic.

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