Business Activity in Uzbekistan Continued to Grow in June

Key Components of the Business Activity Index

The following changes were recorded across the main BAI components in June 2026:

• the component reflecting the number of transactions through business bank accounts increased by 18.7%;
• the component measuring the intensity of raw material purchases on the commodity exchange increased by 13.5%;
• the component reflecting the number of active business entities increased by 1.2%;
• the trademark registration component increased by 18.5%.

In addition, growth in the Business Activity Index compared to the previous month was recorded in all regions of Uzbekistan.

The strongest growth was observed in Syrdarya Region (51.3%), Surkhandarya Region (49.1%), Namangan Region (47.1%), and Khorezm Region (45.0%).

Interbank Payment Transactions

During the reporting period, the number of interbank payment transactions reached 7.93 million, an increase of 1.25 million transactions (18.7%) compared to May 2026. Compared to the same period last year, the number of transactions increased by 25.7%.

Growth in interbank payment transactions was recorded across all regions.

The largest increases in banking transactions between legal entities were observed in Kashkadarya Region (25.9%), Jizzakh Region (24.7%), Fergana Region (23.7%), and Syrdarya Region (23.0%).

The increase was driven by a higher number of payment documents processed through the Central Bank's Interbank Electronic Payment System. Compared to May:

• memorial orders increased by 24.2% (510.9 thousand);
• payment orders increased by 14.5% (620.9 thousand);
• payment claims increased by 25.6% (3.7 thousand);
• collection orders increased by 40.4% (111.3 thousand).

Commodity Exchange Component

In June 2026, the commodity exchange component of the BAI reached 1.1350, up 13.5% from the previous month.

At the same time, the average volume of goods purchased per transaction decreased by 3.8%, while the number of concluded transactions increased by 31%.

The total trading volume of 34 major commodity groups on the Republican Commodity and Raw Materials Exchange reached UZS 9.5 trillion, representing a 27.7% increase compared to the previous month.

The main drivers of higher exchange activity included:

• a 12-fold increase in compound feed trading;
• a 4.2-fold increase in cotton linter trading;
• a 2.5-fold increase in glass jar trading;
• an average 2.1-fold increase in trading volumes of AI-91, AI-92, and AI-95 gasoline.

Active Business Entities

The component reflecting the number of active business entities reached 1.0120, increasing by 1.2% compared to the previous month.

During the reporting period:

• the total number of active business entities increased by 10,471, reaching 530.3 thousand;
• the number of large enterprises decreased by 46, to 4,649;
• the number of small enterprises increased by 9.2 thousand, reaching 435.4 thousand;
• the number of farms increased by 1,283, reaching 90.3 thousand.

Trademark Registration

In June 2026, the trademark registration component reached 1.1855, increasing by 18.5% compared to the previous month.

During the reporting period, legal entities registered 473 trademarks and trade names.

Islombek Saparmatov, CERR