In November 2022, the Business Activity Index (BAI), calculated by the Center for Economic Research and Reforms, amounted to 1,040 points, and, compared with the previous month, increased by 4.0%. And there is also a 9% increase in the BAI compared to the same period last year.
The following changes were observed in the BAI components
The BAI in November 2022 increased by 4.0% compared to the previous month and amounted to 1,040 points, due to changes in the following components:
- the number of transactions on bank accounts of business entities increased by 7.2%;
- the component of operating business entities increased by 1.0%;
- the intensity of the purchase of raw materials on the commodity exchange increased by 5.8%;
- the component of trademarks decreased by 37.8%.
In the regional context, the Jizzakh region showed the highest growth
In November 2022, the BAI for all regions increased compared to the previous month. Significant growth was observed in the Jizzakh (50.2%), Samarkand (48.2%), Tashkent (40.4%), Surkhandarya (38.9%), Bukhara (37.8%) and Ferghana (34.3%) regions (Fig.2).
TRANSACTIONS WITH BANK ACCOUNTS
The number of interbank payment transactions in November 2022 amounted to 6,125,2 thousand and increased by 411,4 thousand transactions (an increase of 7.2%), compared with October 2022.
The number of banking operations in 11 regions has increased.
In November 2022, the number of banking transactions between legal entities increased in 11 regions compared to the previous month. In particular, the most significant growth was observed in Andijan (27.7%), Samarkand (10.8%), Ferghana (6.7%) regions and Tashkent (8.0%). At the same time, there was a decline in the Jizzakh (-5.7%), Syrdarya (-4.0%) and Kashkadarya (-1.7%) regions.
ACTIVITY ON THE COMMODITY EXCHANGE
In November 2022, the exchange component of the BAI was 1.0584. This means an increase in the component level by 5.8% compared to the previous month, which is due to an increase in the average physical volume of goods purchased in each transaction by 11.5%, as well as an increase in the number of transactions by 0.1%.
At the UzEx, the total turnover in November 2022 amounted to 6,355.2 billion sums, which is 1.3% less than in the previous month.
ACTIVITY OF ECONOMIC ENTITIES
The component of operating business entities in November 2022 amounted to 1.0103, which means an increase of the component by 1.0% compared to the level of the previous month. This indicator also has a positive value in relation to the same period last year with an increase of 13.1%.
The number of operating business entities in November 2022 increased by 8,144 units compared to the previous month of 2022 (624,907 units) and amounted to 633,051 units.
The number of large enterprises increased by 16 units.
During the reporting period, the number of small enterprises increased from 512,637 to 520,199 units (an increase of 7,562 units). Also, the number of farms increased from 108,633 to 109,199 units (an increase of 566 units). The number of operating large enterprises amounted to 3,653 units, which is an increase of 16 units compared to November 2022.
In November 2022, the index of protected trademarks was 0.6221, which means a significant decline of 37.8% compared to the previous month. In November of this year, 163 trademarks and trade names were registered by legal entities.
Ruslan Abdullaev, CERR