NBU: Business improved assessment of their economic status and development prospects for the coming year
Jul 17th, 2009 | By admin | Category: Main NewsBusiness
improved assessment of their economic status and development prospects for the coming year. Says the analyst report Business expectations of Ukraine. II quarter of 2009, posted on the site of the National Bank of Ukraine.
According to the NBU has increased the proportion of respondents who evaluated the financial and economic condition of their companies favorably (up to 73.7%, an increase of 7.5 percentage points), a negative balance between the assessment of the state good and bad decreased to (-17.7%) to (-27.8%) in the first quarter of 2009.
Significantly improved expectations regarding financial and economic state in the next 12 months - a negative balance of expectations decreased to (-0.2%) to (-30.4%) in the last quarter.
Grade change the total volume of sales in the next 12 months has improved, the growth of sales of manufactured products expected 66.9% of respondents to 52% in the first quarter of 2009.
level of residues of finished goods declined by the second quarter in succession, particularly intense - at the farm. According to the NBU, this can be explained as a decrease in production volumes, and strong exports of agro-industrial complex.
intensity of capacity utilization in the whole economy has continued to decline, except for industrial and agricultural enterprises.
Respondents continue to anticipate a decrease in investment in the next 12 months in construction, and equipment (balances the expectations of negative, albeit reduced compared with the previous quarter).
As reported by the National Bank, the most pessimistic mood in the construction and enterprises for the production and distribution of electricity, gas and water, where about half of the respondents forecast a decrease of investment.
Employment growth is expected the third quarter in succession, although the proportion of respondents who forecast a decline in the number of workers dropped to 27.8% versus 41.8% in the first quarter of 2009.
According to the NBU, the respondents expect the slowdown in prices for purchased goods and services, and surveyed the extractive industries, construction and trade, for the first time of the interview, expect lower prices for purchased goods.
At the same time, respondents predict a slowdown in prices for the products of domestic manufacture are confident: the accelerated growth of initial prices expected only 9.4% of producers against 19.5% in the first quarter of 2009.
Higher prices for raw materials and energy are major factors in price changes in the baseline (63.6% and 60.7% responses, respectively), as well as major constraints to growth factor profits of enterprises (60.0% and 54.8% of responses).
exchange rate is called a significant factor influencing the change in the level of initial price of 51.6% (a decrease of 8 percentage points). Assessing the impact of devaluation on growth hryvna profits decreased significantly (38.2% versus named 52.3% of respondents in the first quarter of 2009).
Decreased
assessment of the impact of interest rate on loans for changes in prices of enterprises (27.6% versus 31.5% of respondents in the first quarter of 2009), which is connected with the lowering of interest rates on loans.
As reported by the National Bank, assessing the prospects for overall economic situation in the next 12 months improved. The negative balance of expectations fell by 37.7 percentage points and was (-42.0%).
Inflation expectations eased. Almost half of respondents (49.2%) expects that inflation will not exceed 15% in the next 12 months. Most respondents continued to associate the growth of consumer prices to the economic situation and political instability. Assessment of impact on inflationary processes and actions of the exchange rate of NBU declined.
expectations regarding the stability of rate hryvnia improved second quarter in succession: the continuity of the course hryvnia to the dollar predicted 40.3% of respondents to 18.4% in I quarter.
respondents predicted growth in demand for borrowed funds. The proportion of respondents who plan to take bank loans increased (by 0.8 percentage points to 53.5%), while the fifth consecutive quarter, the deterioration of access to bank credit.
major limiting factor remains the use of credit services to high interest rates (80.5% response, a decrease of 2.7 percentage points). The negative impact of exchange rate fluctuations decreased (26.4% of respondents cited against 36.6% in the first quarter of 2009).
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