BAKU, Azerbaijan, Jul.7
By Nargiz Sadikhova - Trend:
Business sentiments regarding the businesses’ current state are moderately positive in Uzbekistan as indicator of the businesses’ current situation amounted to 30 points in June 2020 (an increase of 15 points compared to the previous month), Trend reports with reference to the Uzbekistan’s Center for Economic Research and Reforms (CERR).
These are the results of the CERR’s the third round of survey among enterprises for June 2020, which involved 998 companies.
The survey was carried out in two directions: assessment of the businesses’ current situation and expectations of entrepreneurs regarding the prospects of the business for the next 2-3 months.
Assessment of the current situation of the business is calculated as the difference between the answers “Good” and “Bad” as a percentage of the total sample. The value of the current situation varies from -100 points (all respondents rate the current situation as bad) to 100 points (all respondents rate the current situation as good);
Business expectations for the next 2-3 months are calculated as the difference between the answers “will improve” “will worsen” as a percentage of the total sample. The expectation value varies from -100 points (all respondents expect further deterioration of their business) to 100 points (all respondents expect further improvement of their businesses);
The value of the business climate is based on the average balance values of the current situation and business expectations. The value of the business climate can fluctuate between -100 points (all respondents assess the current situation as bad and expect further deterioration of their business) and 100 points (all respondents assess current situation as good and expect further improvement in their business);
Based on the relationship between indicators of the current situation and business expectations, it is possible to determine the phases of the economic cycle in the country for the next 2-3 months.
The indicator of the business expectations for the next 2-3 months amounted to 74 points (an increase of 44 points compared to previous month), that is the expectations of entrepreneurs regarding the prospects of their business development in the next 2-3 months are positive.
The business climate indicator amounted to 51 points (an increase of 29 points compared to the previous month), that is business climate in Uzbekistan is good.
“From the economic development point of view, the relationship between the values of the current situation and expectations implies that the country’s economy in the next 2-3 months will experience an expansion,” the report said.
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