18/February/2023   Economy

The business climate of Uzbekistan is presented on the Trading Economics platform

TASHKENT, February 18. /“Dunyo” IA/. The leading international economic statistical online portal Trading Economics, which evaluates over 20 million economic indicators in 196 countries of the world, has published for the first time the Business Climate Index of Uzbekistan calculated by the Center for Economic Research and Reforms (CERR), reports “Dunyo” IA correspondent.

Starting from 2023, information on indicators of the business climate in Uzbekistan will be published periodically on the information portal Trading Economics.

According to the results of the January survey, the consolidated business climate indicator has shown a slight decrease since the beginning of the year. In particular, in January, the decline was significantly influenced by the dynamics of indicators in the agriculture and services sector.

Analysts estimate the state of the business climate in the country in January as positive. So, despite the decrease in the consolidated indicator by 3 points, it amounted to 54 points.

41% of respondents rated the current state of their business as "good", the share of those who noted as "bad" was 14%.

20% of enterprises increased the number of employees, and 41% of entrepreneurs noted an increase in demand for goods/services.

In January of this year, the indicator of the current state of the business climate decreased by 13 points and amounted to 34 points, which is explained by the deterioration in agriculture, industry and services. Nevertheless, there was a jump in the construction sector.

The indicator of expectations of business development prospects in the next 3 months remains at a fairly high level – 76 points, which is supported by optimism in all industries.