“How business activity in Ukraine changed in 2025: NBU dataThe business activity expectations index in July 2025 decreased to 48.3. This was influenced by infrastructure shelling and rising
costs, but stable energy and demand are curbing the decline.
”, — write: unn.ua
DetailsAs noted by the NBU, the following factors negatively affected business expectations:
- significant losses from increased shelling of critical infrastructure;
- increase in costs for raw materials, labor, and fuel;
- shortage of qualified personnel;
- inflationary processes.
At the same time, the following are positive factors:
- stable situation in the energy sector;
- lively consumer demand;
- seasonality.
The employment situation remains difficult. Businesses in all sectors expect a decrease in the total number of employees, most significantly in the service sector.
RecallEarlier, UNN reported that the recovery of the Ukrainian economy would be slower than last year. According to the NBU, GDP growth is projected at 2.1% in 2025, which is slower than last year.