The Institute for Economic Research and Policy Consulting (IER) has released the 31-th monthly enterprise survey “Ukrainian business in wartime” for November 2024.
The goal of the project is to quickly collect information on the current state of the economy at the enterprise level.
The field stage of the 31-th wave lasted from November 18-29, 2024. The enterprise managers compared the work results in November 2024 with October, assessed the indicators at the time of the survey (November 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.
This publication was compiled with the support of the European Union and the International Renaissance Foundation within the framework «European Renaissance of Ukraine» project. Its content is the exclusive responsibility of the authors and does not necessarily reflect the views of the European Union and the International Renaissance Foundation.
Main results of the 31-th monthly enterprise survey:
- In November 2024, despite the challenges of the war, including power outages, optimism remains.
- Seasonal factors likely affected production, expectations, and the pace of recovery, which slowed in November but remained positive overall.
- Two-year plans are stable, while the shortage of skilled workers and the threat of war remain key challenges for businesses in Ukraine.
- Uncertainty in the long and medium term gradually decreases, while short-term uncertainty does not change significantly.
- For production indicators, there is some deterioration in results and expectations.
