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Business Activity Index in Uzbekistan decreases

Finance Materials 26 August 2021 14:14 (UTC +04:00)
Business Activity Index in Uzbekistan decreases

BAKU, Azerbaijan, Aug. 26

By Fakhri Vakilov – Trend:

Business Activity Index (BAI) in Uzbekistan reached 994 points in July 2021 and decreased by 0.6 percent compared to June, Trend reports with reference to the calculations made by Uzbekistan’s Center for Economic Research and Reforms (CERR).

CERR believes that such a drop is due to a number of factors. The number of interbank transactions in July 2021 amounted to 4.5 million, which is 386,700 less (-7.9 percent) compared to June.

The total turnover at the commodity exchange amounted to $456 million with a 17.1 percent fall while the number of transactions decreased by 13.9 percent.

The number of operating business entities in July 2021 increased by 5,280 and their total number reached 566,640.

On the other hand, in June 2021 BAI grew by 3.4 percent. The increase was due to the growth of interbank transactions, turnover on the commodity exchange and the number of business entities.

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