REUTERS
The index of economic sentiment (ESI) in Ukraine, calculated by the State Statistics Agency, in the third quarter of 2018 reached 109.6%.
At the same time, it grew compared with the second and first quarter of the year - from 104% and 108.8%, respectively, the agency said.
Also, three of five indicators of business confidence were confirmed - the components of the ESI in retail trade (from 5.3% in the second quarter to 10.7%), in the services sector (from -5% to 0.3%), and in construction (from -21.5% to -18.7%), writes ZN.UA.
Consumer confidence has worsened (from -27.1% to -29.1%) as well as business confidence in the processing industry (from -3.9% to -4.8%).
The largest contribution to the definition of the ESI is made by business confidence indicator in industry (40%), followed by services (30%), construction and retail (5% each). The weight of consumer sentiment is at 20%.
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The agency recalls that in the third quarter of 2017, the ESI was 103.9%, but in the fourth quarter it dropped to 100.4%.
Indicators of business confidence, depending on the sector, are estimated based on surveys on the current level of orders and finished goods stocks, changes in sales volumes for the last three months, forecast of changes in production / sales and number of employees in the next three months.
According to the survey conducted by the National Bank of Ukraine (NBU) in the second quarter of 2018, Ukrainian enterprises retain positive expectations about the macroeconomic situation in Ukraine.
The index of business expectations of businesses for the next 12 months is at 118.3%. A high level of business activity is forecasted by the respondents for the sixth consecutive quarter.