KYIV, Jan 2 – The Business Activity Expectations Index calculated by the National Bank of Ukraine (NBU) fell to 42.1 in December from 42.7 in November and remained below the neutral level, according to a survey of enterprises released by the NBU on Monday.

"In December 2022, the index was 42.1, down from 42.7 in November. More pronounced negative consequences of hostilities, the risk of further terrorist attacks on critical infrastructure and the large amount of time needed to repair it, declining production, and falling real household income made it more difficult to conduct economic activity, while also worsening the expectations of all of the surveyed sectors," the NBU said.