Banks consider agriculture, mining industry and food industry most promising sectors of the real economy in 2013. Such expectations were stated in the third quarterly survey of banks in 2012, which was conducted by the Centre for Contemporary Society Studies of the Institute for Economic Research and Policy Consulting. In this survey, banks named the sectors of real economy they believe to be likely to increase output volume next year.
The biggest share of banks (63.6%) believes agriculture to be a promising sector in 2013. Also, 54.5% of banks think that mining industry and food industry will increase output next year. And 36.4% of banks project output growth for trade and repair and for transport and communications.
Additionally, the results of the third quarterly banks survey show that assessment of business climate has improved, but expectations of its changes have worsened. The index of business climate assessment rose from -0.18 in May 2012 to 0 in September. However, the index of expected changes of business climate fell from 0.12 in May 2012 to -0.18 in September. Moreover, banks report a drop in demand due to lower demand from individual clients.
“Business Tendency Survey: banks” is a quarterly monitoring of perceptions and expectations of banks managers regarding changes in overall economic conditions and performance at the banks level. This publication provides with the overall picture of current economic performance in Ukraine as well as the insight about future tendency of business cycle in the country. The product is distributed among subscribers.
IER "Business Survey"
