Economic trends from a business point of view (October 2025)

“Through Fire and Fog “ Main economic trends in October 2025, based on the resultsof the New Rapid Enterprises Survey, #NRES

On November 13, 2025 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (October 2025)”. During the event, the results of the 42-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in October 2025, were presented.

The field stage of the 42-th wave lasted from October 22 -31, 2025. The enterprise managers compared the work results in October 2025 with September, assessed the indicators at the time of the survey (October 2025), 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.

Only 6% of enterprises are operating at full capacity; most business indicators worsened in October – IER business survey

In October, almost 20% of enterprises complained about interruptions in electricity, water, and heat supply – IER business survey

The study was conducted by the Institute for Economic Research and Policy Consulting (IER).

✅ More survey results in the presentation.

✅ Video presentation (ukr): Youtube IER