The business activity index of Uzbekistan in December retained its position in the growth zone

The business activity index of Uzbekistan in December retained its position in the growth zone

In December 2021, the Business Activity Index (BAI), calculated by the Center for Economic Research and Reforms, accounted for 1085 points, and increased by 8.5% compared to the previous month.

There is also a 40 percent increase in BAI compared to the same period of the last year.

Various changes were observed in the components of the BAI.

The business activity index in December 2021 increased by 8.5% and accounted for 1085 points, compared to the previous month, which is explained by the changes in the following components:

  • the number of transactions in bank accounts of business entities increased by 13.6%;
  • the component of operating business entities increased by 0.7%;
  • the intensity of purchases of raw materials at the Commodity Exchange increased by 8.6%;
  • The trademark component increased by 5.9%

In the regional context, Jizzakh region again showed the highest growth

In December 2021, the Business Activity Index for all regions increased compared to the previous month. Significant growth was observed in Jizzakh (72.0%), Syrdarya (51.3%), Khorezm (50.6%), Surkhandarya (46.6%) and Kashkadarya (46.1%) regions (Fig. 2).

OPERATIONS WITH BANK ACCOUNTS

The number of interbank payment transactions in December 2021 accounted for 5,875.8 thousand and increased by 705.1 thousand transactions (13.6%) compared to November 2021.

The number of banking operations increased in all regions.

In December 2021, the number of banking transactions among legal entities has increased in all regions compared to the previous month. In particular, the most significant growth was observed in Andijan (25.5 %), Djizak (21.7 %), Kashkadarya (20.1 %), Samarkand (19.1%) and Surkhandarya (19.0%) regions.

ACTIVITY ON COMMODITY EXCHANGE

In December 2021, the exchange component of the BAI was 1.0859. This means an increase in the level of the component by 8.6% compared to the previous month, which is associated with an increase in the number of transactions (17.5%).

At the Republican Commodity and Raw Materials Exchange, the total turnover in December 2021 accounted for 6,668.9 billion sums, which is 13.5% more compared to the previous month.

ACTIVITY OF ECONOMIC SUBJECTS

The component of operating economic entities in December 2021 accounted for 1.0065, which means an increase in the component by 0.7% compared to the previous month. This indicator has a positive value in relation to the same period last year with an increase of 8.5%.

The number of operating economic entities in December 2021 increased by 4,236 units compared to November 2021 (569,275 units) and accounted for 573,511 units. The number of large enterprises increased by 16 units.

The number of large enterprises increased by 16 units.

During the reporting period, the number of small enterprises increased from 458,538 to 462,834 units (an increase of 4,296 entities). The number of farms decreased from 107,698 to 107,622 units (a decrease of 76 units). The number of operating large enterprises accounted for 3,055 units, which is 16 units higher compared to November 2021.

BRAND REGISTRATION

In December 2021, the index of protected trademarks was 1.0590, which means significant increase of 5.9% compared to the previous month. In December of this year, legal entities registered 359 trademarks and trade names.

Changes in BAI components by regions to the previous month

Regions

BAI

Component on operations’ accounts

Exchange component of index

Operating entities component

Trade mark component

Republic of Uzbekistan

1074

1,1174

1,0240

0,9991

1,7793

Syrdarya region

1573

1,1613

2,0000

0,9840

5,0000

Tashkent city

1308

1,1016

1,6082

1,0027

1,9366

Bukhara region

1270

1,2339

1,4391

0,9882

1,5000

Republic of Karakalpakstan

1234

1,1497

1,4833

0,9903

0,6667

Andijan region

1154

1,0919

1,0775

1,0029

4,0000

Samarkand region

1128

1,1418

1,1386

0,9942

1,8000

Namangan region

1117

1,1751

1,0654

0,9974

2,0000

Kashkadarya region

1089

1,2129

1,0382

0,9972

1,0000

Khorezm region

1075

1,1353

1,0691

1,0002

1,0000

Fergana region

1045

1,1281

0,9853

1,0052

1,1667

Tashkent region

1038

1,0993

0,9393

0,9989

1,9333

Surkhandarya region

1005

1,0554

1,0394

0,9994

0,0000

Jizzakh region

962

1,0729

0,8999

1,0046

0,2000

Navoi region

913

1,0843

0,7633

0,9939

0,3333

Changes in BAI components by regions compared to the corresponding month of last year

Regions

BAI

Component on operations’ accounts

Exchange component of index

Operating entities component

Trade mark component

The Republic of Uzbekistan

1396

1,2124

1,5951

1,0848

3,1491

Jizzakh region

1924

0,9968

2,0000

1,0698

18,0000

Bukhara region

1760

0,9851

2,0000

1,0234

13,0000

Tashkent city

1710

1,4745

1,8978

1,6232

2,5778

Andijan region

1654

0,9125

1,3369

1,0443

19,0000

Fergana region

1606

0,9360

1,3405

1,0566

17,0000

Tashkent region

1425

0,8461

2,0000

1,0713

3,1111

Syrdarya region

1394

0,8019

2,0000

1,0162

3,0000

Kashkadarya region

1356

0,9407

1,6350

1,1486

4,0000

Republic of Karakalpakstan

1331

0,9910

1,7503

1,0186

2,0000

Namangan region

1263

0,9135

1,5424

1,0757

3,0000

Surkhandarya region

1236

0,9431

1,6076

1,0589

1,0000

Navoi region

1204

0,8274

1,4753

1,0646

3,0000

Khorezm region

1093

0,8956

1,1103

1,1137

3,0000

Samarkand region

1009

0,9649

0,9664

1,0980

1,4286

Ruslan Abdullaev, Center for Economic Research and Reforms

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