Long-term prospects are on the rise, and uncertainty is gradually subsiding. However, the current recovery is at a standstill, plagued by business apprehensions regarding security, labor shortages, and demand issues. This encapsulates the sentiment among businesses in January 2024, as revealed by the research conducted by the IER team as part of the 21st #NRES monthly enterprise survey. Of the surveyed enterprises, 56% reported that 2023 met their expectations, with 8% even surpassing expectations. Notably, there's a correlation between meeting 2023 expectations and enterprise size, with 77% of large enterprises reporting meeting or exceeding expectations compared to only 54% among micro-businesses. "The results we obtained are quite optimistic. Given the turbulence experienced by Ukrainian businesses in 2023, I didn't expect to see such figures. It indicates that most enterprises are realistic in their planning," remarked Oksana Kuziakiv, executive director of IED. According to the survey, three-month uncertainty regarding new orders and headcount expectations decreased among surveyed businesses (though it increased for exports). Uncertainty over the 6-month economic outlook decreased overall but rose for exports. In addition to heightened uncertainty surrounding export prospects, surveyed companies also reported reduced exports. 34% of respondents had to decrease their exports in January compared to 20% in December. Meanwhile, the proportion of enterprises reporting increased exports dropped from 31% to 19%. Overall, production indicators of surveyed enterprises worsened in January compared to December. The percentage of enterprises reducing production rose from 16.8% to 23.2%, and employment rates decreased slightly, with businesses facing challenges in finding qualified workers. However, Kuziakiv noted that the decline in employment might also be a seasonal trend. Moreover, in January 2024, the index of business activity recovery worsened, with the proportion of enterprises reporting better business activity than the previous year decreasing from 64% in December to 56% in January. The most cited obstacles to production growth among interviewed entrepreneurs include the war and unfavorable security situation, low demand, a shortage of qualified workers, and an unfavorable regulatory climate. However, corruption and pressure from law enforcement agencies were not deemed significant problems, according to the study. Furthermore, over a fifth of surveyed Ukrainian enterprises identified lifting the blockade of western borders as a necessary change to improve the business climate in the country. For the first time, the survey also inquired about the impact of border closures on their businesses. The survey included 552 enterprises from 21 regions of Ukraine operating in the manufacturing industry, retail, and agribusiness sectors. It was conducted from January 16 to 31, 2024.

1. Oksana Kuziakiv, Executive Director at the IER
Yevhen Anhel, Senior Research Fellow at the IER
Iryna Fedets, Senior Research Fellow at the IER
Anastasia Gulik, Research Fellow at the IER
Kyiv, February 12, 2024
“Weathering the Storm”
Main economic trends in January 2024
based on the results of the New Monthly Enterprises Survey,
#NRES

2. ABOUT THE NEW RAPID ENTERPRISES SURVEY
Monthly survey
SAMPLE: 552
enterprises
were surveyed
in January
Enterprises of
all sizes
Geography: 21
out of 27 regions
of Ukraine
Sectors: Industry +
(Retail, Agro)
21 surveys have
already been
conducted (since
May 2022)
The recent data were
collected
on January 16 - 31, 2024
New Monthly Enterprises Survey, #21, (01/2024) 2

3. The year 2023 for your business was…
New Monthly Enterprises Survey, #21, (01/2024) 3
8%
56%
22%
14%
MORE SUCCESSFUL MET EXPECTATIONS LESS SUCCESSFUL HS/DK
2023 for your business was…, % of enterprises
5% 7% 7% 12%
49% 51%
58%
65%
34% 24%
20%
15%
12% 18% 15%
8%
MICRO SMALL MEDIUM LARGE
2023 for your business was…
(by size), % of enterprises
More successful Met expectations Less successful HS/DK

4. Key messages
Long-term prospects are brightening, and uncertainty is
diminishing, yet the current recovery is stalling due to
business concerns regarding war, labor shortages, and
demand challenges.
New Monthly Enterprises Survey, #21, (01/2024) 4

5. Main result 1: speed of recovery is slowdown
The Business Activity Recovery
Index (BARI) is positive, but
less than a month ago
% of enterprises operating at
full capacity have no changes
for the third month in a row
Industrial Confidence
Indicator is positive, but the
downward trend are observed
two months in row.
5
New Monthly Enterprises Survey, #21, (01/2024)

6. Business Activity Recovery Index
(BARI)* worsened
New Monthly Enterprises Survey, #21, (01/2024) 6
In January 2024 compared to December 2023, the
Business Activity Recovery Index (BARI) is 0.43 (0.50
two months in a row) (at a scale from -1 till +1)
This happened due to changes in the % of better/the
same answers:
• The share of enterprises reported that their
business activity is better than it was the
previous year, lowered from 63.6% in December
to 56.0% in January
• The share of those for whom nothing has
changed increased from 23.2% to 30.9%
• The share of those for whom the situation is
worse has no significant changes (13.2% in
December vs 13.1% in January)
However, there are significant differences between
size groups.
In January, the value of the BARI remains the same
for medium enterprises and decreases for the rest of
the size groups. Moreover, the value for micro-
enterprises is negative.
*BARI is based on question when managers make a comparison of “how it is now” vs. “how
it was a year ago
-1,00
-0,80
-0,60
-0,40
-0,20
0,00
0,20
0,40
0,60
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
Balance between better/worse
assessments comparing to the previous
year
-1,00
-0,80
-0,60
-0,40
-0,20
0,00
0,20
0,40
0,60
0,80
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
Business Activity Revovery Index
(by size)
Micro Small Medium Large

7. “Now” vs. “before February 24, 2022”:
without significant changes
The results remained stable
already several months in a
row
• The share of enterprises
working at 100% capacity
is 13% (12% in December
and 13% in November)
• % of enterprises that do
not operate at all does
not exceed 2% six months
in a rowfor
New Monthly Enterprises Survey, #21, (01/2024) 7
10 8
4 3 2 2 2 3 3 4 4 3 2 3 3 2 2 2 1 2 2
17
14
12
7 6 6 7 5 5 4 4 2 2 1 1 2 2 1 2 2 2
16
17
16
14 13 16 18 16 16 18 14
14
11 10 12 11 12 12 10 11 11
26
19
23
33
30
33 27 30 29 25
26
24 27
24 24 28 29 25 28 26 27
17
30 36
36
41
36 43 44 43 44 47
50 49 53 52 50 48
49 45 47 46
15 12 10 8 8 8 4 6 5 8 8 9 7 7 8 10 13 12 13
0
10
20
30
40
50
60
70
80
90
100
May.22
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
% of capacity utilization compared to "before February 24, 2022",
% of respondents
0% capacity utilzation up to 25% 25%-49% 50%-74% 75%-99% 100% capacity utilization

8. Industrial Confidence Indicator (ICI)*
The ICI remained without significant changes
comparing to the previous month, however
gradually lowering second month in a row.
In January 2024 compared to December 2023, the
fluctuations of the components of ICI are the
following:
• The production expectation (PI) is 0.36
(component remained without significant
changes already a fourth month in a row)
• Component stocks of finished goods (SFG)
increased a bit (from -0.14 in December to -0.11
in January)
• Component volume of new orders (VNO)
lowered (from -0.20 to -0.22)
*ICI= PI+VNO+(-SFG)/3
New Monthly Enterprises Survey, #21, (01/2024) 8
-0,50
-0,40
-0,30
-0,20
-0,10
0,00
0,10
0,20
0,30
0,40
0,50
M
AY.2
2
JUN
.2
2
J
UL.2
2
AUG.2
2
S
E
P.2
2
OCT.2
2
N
OV.2
2
D
EC.2
2
JAN
.2
3
FE
B.2
3
M
A
R.2
3
A
P
R.2
3
M
AY.2
3
JUN
.2
3
J
UL.2
3
AUG.2
3
S
E
P.2
3
OCT.2
3
N
OV.2
3
D
EC.2
3
JAN
.2
4
INDUSTRIAL CONFIDENCE INDICATOR

9. The main results 2. Uncertainty has decreased
Uncertainty in the 6-month perspective
has mostly stayed the same for
expectations regarding the financial and
economic situation at the enterprise.
Uncertainty in the 6-month perspective has
decreased for expected changes in the overall
economic situation.
Uncertainty 3 months ahead has eased
for new orders, and the number of
workers and remains low for production
and increases for exports.
Uncertainty in the 2-year perspective has
decreased
9
New Monthly Enterprises Survey, #21, (01/2024)

10. Uncertainty slightly decrease for business activity, new
orders and number of workers
Half-year horizon Three-month horizon
New Monthly Enterprises Survey, #21, (01/2024) 10
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
60,0%
May.22
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
% that no answer the questions about 6 months changes on...
No answer on business activity at the enterprise in six month
No answer on economic environment in six month
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
60,0%
Export Production Sales Number of
workers
New orders
% that no answer about 3 months changes on...
May.22 Jun.22 Jul.22 Aug.22 Sep.22 Oct.22 Nov.22
Dec.22 Jan.23 Feb.23 Mar.23 Apr.23 May.23 Jun.23
Jul.23 Aug.23 Sep.23 Oct.23 Nov.23 Dec.23 Jan.24

11. Long-term uncertainty decrease
Uncertainty in the two-year perspective
New Monthly Enterprises Survey, #21, (01/2024) 11
“It is hard to predict what will be with the activities of our
enterprise in 2 years“, % of answers
% of enterprises that have no idea about their plans for 2 years is
49% (two month in a row it was 52%)
42,3
54,2
51,9
56
57,4
56
57,7
56,5
60,8
55,0
56,4
56,0
56,7
51,9
51,8
48,7
0
10
20
30
40
50
60
70
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24

12. Main result 3. Long- and medium expectations
improved
In January, the business expectations for the
next two years return to November’s
position after lowering in December
6-month expectations regarding enterprises’
business activity and the overall economic
environment improved a bit
New Monthly Enterprises Survey, #21, (01/2024) 12

13. Long-term expectation improved
Expectations in the two-year perspective
Index of expected changes in business activity
New Monthly Enterprises Survey, #21, (01/2024) 13
• The index of expected changes in 2 years perspective
increased from 0.10 in December to 0.17 in January
• Scale from -1 (bad) till +1 (good)
• % of enterprises that plan to grow in 2 years has increased
from 19.1% in December to 21.6% in January
• % of enterprises planning to lower business activity
decreased from 9% to 4.6%
0,31
0,20
0,21
0,24 0,24
0,23 0,23
0,20 0,20 0,20
0,15
0,19 0,19
0,17
0,10
0,17
OCT.22
NOV.22
DEC.22
JAN.23
FEB.23
MAR.23
APR.23
MAY.23
JUN.23
JUL.23
AUG.23
SEP.23
OCT.23
NOV.23
DEC.23
JAN.24
Expected business activity (2 years), index
37,5
31,6 30,4 31,6 29,8 28,2 29,7
24,4 23,1 25,9 23,1 25,1 25,3 24,2
19,1 21,6
56,3
56,7 60,4 60,8 64,6 66,1 63,4 71,4 74,0 68,2 69,2 69,0 68,8 69,1
71,8
73,9
6,3
11,6 9,3 7,5 5,6 5,7 6,9 4,1 2,9 6,0 7,7 5,9 5,9 6,7 9,1 4,6
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
Yes, I'm planning to extend Planning to stay at the current level Planning to lower activity

14. 6-months perspective: optimism increased
New Monthly Enterprises Survey, #21, (01/2024) 14
Business activity at the enterprise
Overall economic environment in the country
-0,50
-0,40
-0,30
-0,20
-0,10
0,00
0,10
0,20
0,30
0,40
0,50
0,60
May.22
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
Feb.24
Business activity at the enterprise Expected business activity at the enterprise
-0,60
-0,40
-0,20
0,00
0,20
0,40
0,60
May.22
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
Feb.24
Current overall economic environment Expected overall economic environment

15. Main result 4: Past performance and
expectations
Production performance of the
enterprises in January 2024 vs.
December 2023 significantly
worsened.
3-months perspective
production expectations do
not change already the fourth
month
Employment indicators
lowering and business still have
problems in finding workers.
The export performance of
enterprises has worsened, but
the expectations in the short
term remain positive.
New Monthly Enterprises Survey, #21, (01/2024) 15

16. Production: worsened results,
plans remain optimistic, but
unchanged
Expectations for 3 months
• % of enterprises planning a production growth in the
next 3-4 months is 39.2% in January (38.5% in
December).
• % of enterprises that expected a decrease remained
without significant changes (4.8% in January vs 5.3%
in December)
Index of expected production remained unchanged (0.36
vs 0.35 in previous month).
New Monthly Enterprises Survey, #21, (01/2024) 16
Production, balance indicators
Past performance (January vs December)
• % of enterprises increased in production lowered
from 34.4% in December to 23.2% in January
• % of enterprises reduced production increase from
16.8% to 23.2%
Index of change decreased from 0.21 to 0.05
-0,80
-0,60
-0,40
-0,20
0,00
0,20
0,40
0,60
0,80
May.22
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
Feb.24
Production Production exp.

17. Export: worsened results,
expectations without changes
Past performance (January vs December)
• % of enterprises reporting growth of export
decreased from 31.1% in December to 18.8% in
January
• % of enterprises informing reducing export
increased from 20.1% in December to 34.2% in
January
Index of changes lowered from 0.13 to -0.11
New Monthly Enterprises Survey, #21, (01/2024) 17
Export, balance indicators
Expectations for 3 months:
• % of enterprises expecting growth of export slightly
decrease from 31.2% in December to 28.9% in
January
• % of enterprises planning to reduce export also
decrease a bit (from 6.5 % in December to 5.0% in
January)
The index of expected export does not change and is
0.27 as it was in previous month
-0,60
-0,40
-0,20
0,00
0,20
0,40
0,60
May.22
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep,23
Oct.23
Nov.23
Dec.23
Jan.24
Feb.24
Export Export exp.

18. Employment: number of workers gradually decreasing
Number of workers Number of workers on forced leave
New Monthly Enterprises Survey, #21, (01/2024) 18
Expectations for 3 months
• % of enterprises planning employment growth in the next 3-4 month
decreased from 5.1% to 2.7%
• % of enterprises intending to reduce the number of employees increased
from 6.7% in December to 11.5% in January
• % of enterprises at which no changes in employment are expected
decreased from 88.3% to 85.8%
Expectations for 3 months
• % of enterprises that will increase the number of employees on forced
leave slightly increased (1.1% vs 0.5% in December)
• % of enterprises that are going to reduce employees on forced leave
decreased from 27.0% to 25.5%
• % unchanged is 73.3% (72.5% in December)
-0,60
-0,50
-0,40
-0,30
-0,20
-0,10
0,00
0,10
0,20
May.22
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov,22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
Feb.24
Number of workers Number of workers exp.
-0,40
-0,30
-0,20
-0,10
0,00
0,10
0,20
0,30
0,40
May.22
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
Workers on forced leave Workers on forced leave exp.

19. Problems with finding skilled workers are increasing
Problems with finding workers
In January problems with finding skilled workers continue
growth
Skilled workers:
• % of those who reported that it is more difficult to
find such workers increased (from 29.1% in
December to 32.4% in January).
• % of those to whom it is easier to search for skilled
workers almost unchanged (1.2% in January vs
1.8% in December)
Unskilled workers:
• % of those who report that it is easy to find them
remained without significant changes (5.2% in
December and 4.2% in January)
• % of those to whom this is harder increased (from
25.0% in December to 27.6% in January)
New Monthly Enterprises Survey, #21, (01/2024) 19
0,24
0,18
0,06
0,09
0,17
0,11
0,12
0,19
0,26
0,14
0,25
0,21
0,23
0,27
0,23
0,24 0,24 0,24
0,29
0,31
-0,01
-0,06
-0,07-0,07
0,09
0,02
0,05
0,06
0,14
0,06
0,11 0,11
0,17
0,16
0,14
0,12
0,13
0,18
0,22
0,23
-0,10
-0,05
0,00
0,05
0,10
0,15
0,20
0,25
0,30
0,35
Jun.22
Jul.22
Aug.22
Sep.22
Oct.22
Nov.22
Dec.22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.24
Jan.24
Skilled workers Unskilled workers

20. Main results 5: Impediments, economic policy
In January 1st place in the list of
impediments shares “it is
dangerous to work” and “rising
prices”
% of respondents for whom “it is
dangerous to work” is an
impediment lowered from 53% to
46%, however safety remained at
the 1st place in the list
58% of enterprises neutrally
assess the Government's
economic policy
2023 for business mostly met
expectations, however, for 22% of
respondents, the past year was
less successful than it was
expected
“Impediments to growth": wars,
labor shortages and low demand
The most expected events were
the end of the war (86,8%) and
the reduction of taxes (44,4%).
New Monthly Enterprises Survey, #21, (01/2024) 20

21. Impediments to production growth
New Monthly Enterprises Survey, #21, (01/2024)
Sources: QES 2002-2022, NRES 2022-2024
21
Quarterly, we use the list of obstacles to production growth from the long-term “Business Tendency Survey”*
In January 2024, the war and unfavorable security
situation was mentioned most often among the obstacles
to production growth and more often than earlier**
The 2nd, 3rd, 4th and 5th places, respectively were taken
by low demand, shortage of skilled workers (increased
in January), unfavorable regulatory climate***
(decrease of high regulatory pressure in January), and
unfavorable political situation (also decreased)
In January 2024, % of respondents claimed that
excessive taxation decreased by 1.6 times compared to
August 2023. In January 2024
* The last wave of the Business Tendency Survey of Enterprises before the full-scale
russian invasion was conducted in February 2022
***The regulatory climate is a combined indicator consisting of “high regulatory
pressure”, “changes in legislation”, and “corruption”

22. The main impediments to doing business in wartime, % respondents
There are several significant changes in the list of
impediments in January 2024 compared to December
2023
• The “it is dangerous to work” impediment in spite
of lowering the value from 53% to 46% remained in
the 1st place in the list
• The impediment “rising prices for raw materials and
goods” after increasing the value from 43% to 46%
moved from the 3rd place in the list and again
appeared in the 1st place
• “Lack of personnel” decreased its value from 46%
to 41% and moved from the 2nd place to the 3rd
place
• “Electricity interruptions” decreased its value from
30% to 26% and moved from the 5th to the 7th place
• Corruption and pressure by law enforcement
agencies are not significant problems
New Monthly Enterprises Survey, #21, (01/2024) 22

23. “It is dangerous to work” remained top-1 impediment
to doing business
• In January 2024, the share of
enterprises that reported that it was
dangerous to work decreased from
53% to 46%
• In spite of lowering the value, in the
list of obstacles, “it is dangerous to
work“ remained at the 1st place
New Monthly Enterprises Survey, #21, (01/2024) 23
34%
30%
27% 26%
18%
33%
46% 47%
39% 40%
31%
25%
32% 31%
33% 33%
40%
32%
38%
53%
46%
0%
10%
20%
30%
40%
50%
60%
May
22
Jun
22
Jul
22
Aug
22
Sep
22
Oct
22
Nov
22
Dec
22
Jan.23
Feb.23
Mar.23
Apr.23
May.23
Jun.23
Jul.23
Aug.23
Sep.23
Oct.23
Nov.23
Dec.23
Jan.24
"It is dangerous to work", % of respondents

24. “It is dangerous to work” in different dimensions
New Monthly Enterprises Survey, #21, (01/2024)
"It is dangerous to work" by oblast, % of respondents
• % of enterprises that chose “it is dangerous to
work“ increased for micro business and lowered
for medium and large. However, % remained the
highest for large business
• 80+% of respondents in Dnipropetrovska,
Vinnytska, Odeska, Kyivska, Zaporizhska, and
Poltavska oblast consider insecure conditions as an
impediment
24
0%
10%
20%
30%
40%
50%
60%
70%
80%
up to 10 11--50 51-250 250+
"It is dangerous to work" by the size
groups, % respondents
Nov.23 Dec.23 Jan.24

25. More than half of enterprises neutrally assess the
Government’s economic policy
New Monthly Enterprises Survey, #21, (01/2024) 25
• The share of positive assessments of the government’s policy on business is 8% and it remained
without significant changes for six month in a row
• The share of neutral assessments of the government’s policy on business support is 58%, as it was in
December
• The share of negative assessments is 18% (19% in December)

26. Expected events: end of the war, deregulation, deoccupation
• % of respondents for whom the
expected event would be the
deoccupation of TOT has increased
• Lifting the blockade of the western
borders is an expected event for 1/5 of
the surveyed enterprises
• % of respondents for whom the
expected event was the simplification
of legislative requirements decreased
compared to August 2023
New Monthly Enterprises Survey, #21, (01/2024)
The main expectation of business is
the end of the war
– in January 2024 compared to
August 2023, the share of
enterprises expecting the end of the
war increased

27. New monthly enterprise survey. Methodology
The need for comprehensive information on the economic situation is crucial for economic policy in wartime. The Institute for Economic Research and
Policy Consulting conducts a monthly enterprise survey using the Business Tendency Survey approach to quickly collect information on the current
economic state at the enterprise level. The methodology is designed to assess the situation from the “base level”: the judgments and expectations of key
economic agents such as entrepreneurs and business managers.
The monthly survey consists of two parts: the regular one and the special one. Respondents will regularly answer questions on the changes in key activity
indicators and short-term forecasts for future changes in the same indicators: output (production), sales, exports, debt, new orders, employment, etc. We
will also focus on estimates and expectations of the changes in the business climate and business activity at the enterprise in the next six months.
The special part of the Monthly survey provides information on specific topics. A special part examines the enterprises' problems, the war's impact on
production volumes, export activity, basic business needs, and the assessment of government policy.
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.
The field stage of the 21-th wave lasted from January 16 to January 31, 2024. The enterprise managers compared the work results in January 2024 with
December 2023, assessed the indicators at the time of the survey (January 2023), 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).
New Monthly Enterprises Survey, #21, (01/2024) 27

28. Our contacts
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