The National Bank of Ukraine (NBU) on Monday released its Business Outlook Survey for the fourth quarter of 2014.
The survey found 976 enterprises operating within 22 regions in Ukraine, represented within the economy in regard to main activity. The survey excluded the Autonomous Republic of Crimea, the city of Sevastopol and the Donetsk and Luhansk regions.
Respondents were polled between Nov. 14 until Dec. 5, and the findings represent opinions of respondents. The NBU notes that these findings do not indicate their official forecasts or estimates. Respondents comprised of enterprise heads and managers.
The survey does indicate the financial trouble in the country; however there are also indications of improvement in their responses. According to the data they have been deteriorating in assets of current financial and economic standings, but deterioration was not as drastic in the fourth quarter. Asset balances on average fell 5.6 percent as opposed to 8.2 percent in the third quarter.
Respondents expect to borrow more within the next three-month period, with 86.5 percent reporting intentions to take out loans.
Slowing output growth was largely attributed to political instability and the hryvnia exchange rate fluctuations.