The moderate growth of the Business Activity Index continues in November

The following changes were observed in the BAI components

The BAI in November 2023 increased by 2.0% compared to the previous month and amounted to 1,020 points, due to changes in the following components:

• the number of transactions on bank accounts of business entities increased by 10,4%;
• the component associated with operating business entities increased by 0,4%;
• the intensity of the purchase of raw materials on the commodity exchange decreased by 2,3%;
• the component of trademarks decreased by 27,4%.

In the regional context, the Syrdarya region showed the highest growth

In November 2023, the Business Activity Index for 7 regions increased compared to the previous month. In particular, Syrdarya (42.8%), Surkhandarya (31.7%) and Andijan (19.8%) regions showed significant growth (Fig.2).

TRANSACTIONS WITH BANK ACCOUNTS

The number of interbank payment transactions in November 2023 amounted to 6,761.6 thousand and increased by 634.5 thousand transactions (an increase of 10.4%), compared with October 2023.

The number of banking operations in 5 regions has increased.

In November 2023, the number of banking transactions between legal entities increased in 5 regions compared to the previous month. In particular, in Tashkent city (15.2%), as well as in Syrdarya (7.8%), Ferghana (5.9%), Andijan (4.1%), Namangan (0.2%) regions, there was an increase.

At the same time, in 9 regions there was a decrease in the number of banking transactions between legal entities. A significant decrease was noted in the Republic of Karakalpakstan (-27.5%), as well as in Surkhandarya (-19.1%), Samarkand (-10.5%), Kashkadarya (-7.6%) and Navoi (-7.4%) regions.

ACTIVITY ON THE COMMODITY EXCHANGE

In November, the exchange component of the BAI was 0.9771. This means a decrease in the component level by 2.3% compared to the previous month. This decline is associated with a decrease in the number of transactions by 13.2%. At the same time, the average physical volume of goods purchased in each transaction increased by 8.6%.

At the Republican Commodity Exchange, the total turnover in November amounted to 5,939.6 billion sums, which is 14.9% less than in the previous month.

ACTIVITY OF ECONOMIC ENTITIES

The component of operating business entities in November 2023 amounted to 1.0038, which means an increase in the component by 0.4% compared to the level of the previous month. In addition, this indicator has a negative value compared to the same period last year with a significant decline of 12.8%.

The number of operating business entities in November 2023 increased by 2,009 units compared to October 2023 (517,738 units) and amounted to 519,747 units.

The number of large enterprises has increased by 17 units.

During the reporting period, the number of small enterprises increased from 422,586 to 424,695 units, which is an increase of 2,109 units. At the same time, the number of farms decreased from 91,468 to 91,351 units, which is 117 units less. The number of operating large enterprises amounted to 3,701 units, which is an increase of 17 units compared to October 2023.

BRAND REGISTRATION

In November 2023, the index of protected trademarks was 0.7258, which means a decline of 27.4% compared to the previous month. This month, 180 trademarks and trade names were registered by legal entities.

Ruslan Abdullaev, CERR