Business activity in March showed moderate growth – CERR

Business activity in March showed moderate growth – CERR

In March 2022, the Business Activity Index (BAI), calculated by the Center for Economic Research and Reform, amounted to 1026 points, and moderately increased by 2.6% compared to the previous month. There is also a more than 16% increase in BAI compared to the same period last year.

The following changes were observed in the BAI components

The business activity index in March 2022 moderately increased by 2.6% compared to the previous month and amounted to 1026 points, due to changes in the following components:

  • the number of transactions on bank accounts of business entities increased by 0.9%;
  • component of operating economic entities increased by 2.7%;
  • intensity of purchases of raw materials on the Commodity Exchange increased by 3.7%;
  • brands component decreased by 5.8%

In March 2022, the BAI for 13 regions increased compared to the previous month (February 2022). In Navoi (45.8%), Jizzakh (38.4%), Bukhara (36.8%) and Syrdarya (29.4%) regions, a significant increase was observed (pic 2).

At the same time, this index decreased in Kashkadarya region by 1.6% compared to the previous month.

OPERATIONS WITH BANK ACCOUNTS

The number of interbank payment transactions in March 2022 amounted to 5,009.8 thousand and increased by 45,2 thousand transactions (0.9%), compared with February 2022.

In March 2022, the number of banking transactions between legal entities increased in 5 regions compared to the previous month. In particular, the most significant growth was observed in Tashkent city (4.1%). Of the 9 regions, the most significant decline was observed in Tashkent (-8.7%) and Bukhara (-7.8%) regions.

ACTIVITY ON THE COMMODITY EXCHANGE

In March 2022, the exchange component of the BAI was 1,0369. This means an increase in the level of the component by 3.7% compared to the previous month, which is due to an increase in the number of transactions by 13.2%.

At the Republican Commodity Exchange, the total turnover in March 2022 amounted to 6,887.5 billion sums, which is 9.8% more than in the previous month.

ACTIVITY OF ECONOMIC ENTITIES

The component of operating business entities in March 2022 amounted to 1,0269, which means that the component grew by 2.7% compared to the previous month. This indicator has a positive value in relation to the same period last year with an increase of 4.9%.

The number of operating business entities in March 2022 increased by 5,041 units compared to February 2022 (581,775 units) and amounted to 586,816 units.

The number of large enterprises increased by 268 units.

During the reporting period, the number of small enterprises increased from 470,712 to 475,465 units (an increase of 4,753 units). Also, the number of farms increased from 107,710 to 107,730 units (an increase of 20 units). The number of operating large enterprises amounted to 3,621 units, which is 268 units higher compared to February 2022.

BRAND REGISTRATION

In March 2022, the index of protected trademarks was 1.0577, which means an increase of 5.8% compared to the previous month. In March of this year, 330 trademarks and trade names were registered by legal entities.

Changes in the BAI components by the Republic of Uzbekistan and regions to the previous month

Regions

BAI

Component of account transactions

The stock component of the index

Component of acting business entities

Component of new trademarks

Republic of Uzbekistan

1026

1,0091

1,0369

1,0269

1,0577

Navoi region

1458

0,9619

2,0000

1,0520

3,0000

Jizzakh region

1384

0,9823

2,0000

1,0392

0,4000

Bukhara region

1368

0,9224

2,0000

1,0469

0,5000

Syrdarya region

1294

0,9766

1,7659

1,0496

0,5000

Andijan region

1163

1,0015

1,1682

1,0248

4,0000

Ferghana region

1159

0,9596

1,3822

1,0352

1,4211

Khorezm region

1122

1,0134

1,2734

1,0352

1,0000

Surkhandarya region

1076

1,0096

1,2610

0,9931

0,0000

Tashkent region

1068

0,9129

1,2348

1,0298

0,9459

Samarkand region

1062

1,0163

1,0795

1,0265

1,6111

Republic of Karakalpakstan

1040

0,9602

1,1748

1,0283

0,2500

Namangan region

1040

0,9657

1,1354

1,0137

0,8182

Tashkent city

1026

1,0408

0,9995

1,0470

1,0391

Kashkadarya region

984

0,9763

1,0536

1,0048

0,0000

Changes in the BAI components for the Republic of Uzbekistan and regions to the corresponding month of last year

Regions

BAI

Component of account transactions

The stock component of the index

Component of acting business entities

Component of new trademarks

Republic of Uzbekistan

1160

0,9921

1,3778

1,0490

1,0154

Samarkand region

1534

0,9126

2,0000

1,0914

5,8000

Republic of Karakalpakstan

1353

0,7682

2,0000

1,0210

2,0000

Jizzakh region

1352

0,8633

2,0000

1,0659

0,5000

Bukhara region

1339

0,7927

2,0000

0,9821

1,5000

Surkhandarya region

1302

0,8368

2,0000

0,9489

0,0000

Tashkent city

1228

1,1626

1,4115

1,0643

0,7352

Navoi region

1177

0,8492

1,3861

1,0703

3,0000

Ferghana region

1167

0,8412

1,4701

1,0619

1,6875

Khorezm region

1141

0,8419

0,8852

1,0092

9,0000

Syrdarya region

1098

0,8329

1,4569

0,9509

0,5000

Tashkent region

1069

0,7366

1,3560

1,0121

1,5217

Andijan region

1008

0,8902

0,8885

1,0964

3,3333

Namangan region

943

0,8494

0,9500

1,0332

1,2857

Kashkadarya region

876

0,8780

0,8632

1,0177

0,0000

Ruslan Abdullaev, CERR


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