The National Bank noted the positive trends in business expectations

In Ukraine there are the preservation of positive trends in both business activity and about the macroeconomic outlook. This is stated in the quarterly survey by the National Bank of Ukraine on business leaders to assess their current and future business activity, inflation and exchange rate expectations, changes in the economic situation in Ukraine. "Improved business expectations for business activity in the next 3 and 12 months. Stabilized exchange rate expectations, however, inflation expectations have increased," - says the report NBU. Among the limiting factors for increasing production and raising inflationary expectations, the respondents referred to increased costs of production, in particular, high energy prices and the fiscal factor. According to the National Bank, the respondents have improved expectations for growth in output of goods and services in Ukraine in the next 12 months, as evidenced by an increase in the balance of expectations (the difference between the percentage of positive and negative) by 2,3 percentage points to 16,1%. Inflation expectations after a decline in the last quarter climbed to an average of 14.7% for the next 12 months against 14.1% in the 4 quarter of 2010, the main factors of influence on consumer prices respondents identified increased costs of production and tax changes. Assessing the impact of exchange rate hryvnia and actions NBU on inflation continued to decline. Percentage of respondents who do not expect changes in the hryvnia exchange rate against the U.S. dollar and the euro rose. Assessment of current economic activity remained reticent. According to a survey of the NBU, respondents continue to negatively evaluate the current financial and economic state of their businesses, although the negative expectations balance fell to $ (-6.7%) vs. (-7.0%) in the 4 square. 2011. The level of residues of finished products in a quarter is estimated as close to equilibrium. The index of business expectations of enterprises in 1 quarter of 2011 increased to $ 123.2% versus 120.0% in the previous quarter. Improved all components of the index: the next 12 months respondents expect to improve financial and economic situation of their enterprises, increase in overall sales volume of output and employment. A few more restrained than in the previous quarter, there were only estimates of capacity investment activity. The majority of respondents also expect the positive trends in their businesses over the next 3 months, in contrast to the negative assessments in the previous quarter. Respondents expect prices to purchase goods and services on their own production. Continue as rising production costs and salaries of employees. Rising prices for raw materials and energy remain the most influential. On materials FINANCE.UA