Uzbekistan recorded a slight decrease in the Business Activity Index in August
29/09/2020 17:15
Uzbekistan recorded a slight decrease in the Business Activity Index in August
29/09/2020 17:15
Tashkent, Uzbekistan (UzDaily.com) -- In August 2020, the Business Activity Index (IDA), calculated by the Center for Economic Research and Reforms, was:
- 984 points, compared to July 2020 (a decrease of 1.6%);
- 880 points, compared to August 2019 (a decrease of 12.0%).
The gradual easing of the quarantine since 15 August has had a moderate impact on business activity in Uzbekistan.
In August this year, the PMI showed a moderate decline in relation to July. At the same time, the IDA decreased by 12% compared to the same month last year.
Changes were observed in the components of the IDA.
The business activity index in August 2020 decreased by 1.6% and amounted to 984 points, compared to the previous month, which is explained by changes in the following components:
- decrease in the number of transactions on bank accounts of economic entities by 1.1%;
- growth of the component of operating economic entities by 0.40%;
- a decrease in the intensity of purchasing raw materials at the commodity exchange by 6.0%;
- growth of the brand component by 35.5%.
In the regional context, Syrdarya region showed the highest growth.
In August 2020, the Business Activity Index for 10 regions increased compared to the previous month (July 2020). Syrdarya (45.6%), Surkhandarya (37.6%), Kashkadarya (15.2%), Samarkand (13.5%) and Tashkent (9.2%) regions showed significant growth (see Fig. 2) ...
At the same time, in Jizzakh (5.4%), Ferghana (3.4%), Navoi (2.7%) and Namangan (0.4%) regions, there was a decline in relation to the previous month.
The number of interbank payment transactions in August 2020 made up 3,710.2 thousand and decreased by 41.5 thousand transactions (-1.1%) compared to July 2020. Compared to the same period last year, there is a significant decline of 35.7%.
The number of banking operations in 7 regions is decreasing.
In August 2020, the number of banking transactions between legal entities decreased in 7 regions, compared to the previous month. In particular, the most significant decline was observed in Andijan (-5.5%), Khorezm (-4.5%), Syrdarya (-2.6%) regions and in Tashkent (-3.0%).
Activity on the commodity exchange
In August 2020, the stock exchange component of the IDA was 0.9402, which means a decline in the component level by 6.0% compared to the previous month. The decline in the level of this component is associated with a 13.3% decrease in the number of transactions. At the same time, there was an increase in the average physical volume of goods purchased for each transaction by 1.3%.
As a result of August, the Republican Commodity and Raw Materials Exchange concluded 28,856 transactions, which is less by 4,422 transactions (by 13.3%) than in July this year (33,278). The total turnover of the commodity exchange in August 2020 amounted to 3,007.6 billion soums, which is 12.0% less than in the previous month.
Activity of business entities
The component of operating economic entities in August 2020 amounted to 1.004, which means an increase in the component by 0.4% compared to the previous month.
The number of operating business entities in August 2020 increased by 7,385 units compared to July 2020 (479,447 units) and amounted to 486,832 units.
The number of large enterprises decreased by 81 units.
During the reporting period, the number of small businesses increased from 376,982 to 383,901 units (an increase of 6,919 units). The number of farms increased from 99,460 to 100,007 units (an increase of 547 units). The number of operating large enterprises amounted to 2,924, which is 81 units less than in July 2020.
Registration of brands
In August 2020, the index of protected trademarks was 1.3548, which means an increase of 35.5% compared to the previous month. Legal entities have registered 84 trademarks and trade names.
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