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Uzbekistan’s economic activity index drops significantly

Business Materials 3 March 2021 15:18 (UTC +04:00)
Uzbekistan’s economic activity index drops significantly

BAKU, Azerbaijan, Mar. 3

By Klavdiya Romakayeva - Trend:

The index of economic activity in Uzbekistan in January 2021 decreased significantly compared to December 2020, Trend reports citing the Economic Activity Indicators Report for January 2021 published by the Central Bank of Uzbekistan (CBU).

According to the results of a survey of 702 enterprises and organizations of the country, the index of economic activity in January 2021 significantly decreased under the influence of seasonal factors, while the index of business sentiment increased.

In particular, the index of economic activity in January of this year amounted to 50.3, decreasing by 2.4 units compared to December 2020 (52.7), and the index of business sentiment amounted to 65, increasing by 4.9 units (60.1 in December 2020).

The CBU reports that the decrease in the index of economic activity is explained by the decrease in the sectoral indices of economic activity in the spheres of industry, construction and trade by 2.7 units, 4.7 units and 8.2 units respectively.

In January 2021, the business sentiment index rose in construction by 8.8 units, in services by 6.6 units, in trade by 5.9 units, and in industry by 2.6 units.

According to the results of a survey in January, the level of provision of enterprises with working capital has significantly decreased under the influence of seasonal factors. In particular, there was a decrease in the index of provision with working capital by 3.5 units.

Moreover, the indices of the financial condition of construction enterprises and the provision of working capital decreased by 8.1 and 10 units, respectively.

In December 2020 it was reported that the economic activity index amounted to 52.7 increasing by 1.7 units compared to November 2020 (51 units), and the business sentiment index amounted 60.1, increasing by 2.7 units (57.4 units in November 2020).

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