A partner of the Dnipropetrovsk Investment Agency, the Ukrainian Chamber of Commerce and Industry, continues its series of monthly studies “Business Barometer”. It represents the views of companies and entrepreneurs, presenting their expectations about changes in the business environment in the upcoming month compared to the previous one.
The research is based on a study that takes into account the performance indicators of respondents in key sectors of the economy, including manufacturing, construction, trade and services. The study has been adapted to the needs of members and partners of Ukrainian Chamber of Commerce and Industry. A special aspect of “Business Barometer” is the inclusion of specialised industry questions and an analysis of the export situation, which provides a dynamic view of the business climate in the Ukrainian market.
Business Sentiment in November 2025: A Slow Shift Toward Stabilization (November 2025)
In November 2025, the overall Business Barometer Index increased to –7.9 ⇧+0.9, remaining in the zone of negative expectations.
Positive expectations were recorded only in the construction sector, where they strengthened slightly to 3.7 ⇧+1.2. Negative sentiment continues to dominate in the other three sectors: manufacturing (–8.8 ⇧+2.0), services (–2.6 ⇩–1.1), and trade (–15.4 ⇧+0.9).
Positive expectations slightly prevail only among large businesses (1.5 ⇧+0.5). A weakening of pessimism was observed among small enterprises (–6.8 ⇧+3.0), while microbusinesses showed no change — the Barometer remained at –9.0. Medium-sized businesses reported a slight increase in negative forecasts (–9.6 ⇩–0.7).
Exporters’ expectations remain more pessimistic than those of the business sector (–10.4 ⇧+1.1).
Survey results on business attitudes toward hiring foreign (migrant) workers show that most entrepreneurs do not support this idea, preferring Ukrainian staff (44%) or believing that hiring migrants would create additional difficulties or risks (24%). Only 28% are willing to consider this possibility if clear rules and safeguards are in place, 4% prefer to observe how this works in practice, and none of the respondents reported a labour shortage severe enough to hire migrants without additional conditions.
Monthly, in addition to the regular survey, respondents can answer the “hot” question of the month and contact the hot line of the Ukrainian Chamber of Commerce and Industry.
The survey is conducted in verified chatbots on Telegram and Viber and takes only 2 minutes.
Access to the November 2025 report is here.
Source: https://ucci.org.ua
