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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