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  • New Monthly Enterprises Survey. Issue 18. (10.2023) Ukrainian Business in Wartime


    The Institute for Economic Research and Policy Consulting (IER) has released the 18-th monthly enterprise survey “Ukrainian business in wartime” for October 2023.

    The goal of the project is to quickly collect information on the current state of the economy at the enterprise level.

    For reference: The field stage of the 18th wave lasted from October 16 to 31, 2023.

    This survey uses a panel sample that includes 534 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 18-th monthly enterprise survey:

    •          In October 2023, the recovery rate is slowing down, although business optimism for the three- and six-month outlook is high, but has stopped growing in recent months.
    •          "Unsafe to work" remains among the top 3 obstacles to doing business.
    •          Uncertainty in the six-month and two-year horizon remains high, and uncertainty in the three-month horizon is increasing.
    •          The recovery rate of business activity compared to last year remains strong, although the trend to slow down continues.
    •          The previous month's trend of reduction in production growth rates continued.
    •          The share of enterprises operating near full and at full capacity increased after three months of decline, and export indicators improved compared to the previous month.


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