KYIV, Dec 4 – The Business Activity Expectations Index (BAEI), which the National Bank of Ukraine (NBU) calculates on a scale from zero to 100, again dropped by 0.5 points in November to 49.1 points, remaining below its neutral level of 50 points, for the second month in a row, the central bank said last week.

"Hostilities and their repercussions, rising security risks, disrupted supply chains, somewhat limited electricity supply, higher electricity prices for businesses, tax changes, narrowing investment demand, and shortages of skilled workers, are continuing to dampen companies’ economic activity, while also negatively affecting their expectations," the regulator said, listing the negative factors.