You're reading: NBU: Business circles in Ukraine improve assessments of macroeconomic situation in second quarter

Business circles in Ukraine improved their assessment of the macroeconomic situation and the prospects of their development in the second quarter of 2015, the National Bank of Ukraine (NBU) has reported on its website.

According to the report, inflation expectations slightly fell: respondents polled by NBU expect that in the next 12 months consumer prices could grow by 27.1 percent on average and they link this growth with the hryvnia exchange rate and the increase in production expenses. Expectations regarding the hryvnia exchange rate stability improved: 23.5 percent of respondents believe that the exchange rate will not change in the next 12 months.

The NBU said that businesspeople also had increased hope for their development prospects: growth in product sales is expected in the next 12 months, and business expectations index grew by 11 percentage points compared to the previous quarter, to 94.5 percent.

The NBU said that heads of companies were polled from May 15 to May 30. A total of 851 companies from 23 oblasts of Ukraine were polled.