The Purchasing Manager's Index (PMI) in Uzbekistan in December 2023 showed a slight increase compared to November. The index rose by 0.2% to 1,002 points, according to the Centre for Economic Research and Reforms (CERR), Review.uz reported.
Factors influencing PMI
The moderate growth of the index was facilitated by a 5.9% increase in banking transactions and a 1.2% decrease in company activity. The situation was also influenced by a decrease in transactions on the commodity exchange by 4.9% and the growth of brand registration by 11.7%.
Regional business activity
Experts of the CERR recorded a significant increase in business activity in the Tashkent region (45.8%), Samarkand region (42.6%), and Khorezm region (40.8%).
Purchasing Manager’s Index
In November 2023, the Purchasing Manager’s Index (PMI), calculated by the CEIR, amounted to 1,020 points. This marked an increase of 2.0% compared to the previous month, as per Review.uz. This also represents a 5.7% increase in PMI compared to the same period last year.
Changes in PMI Components
The business activity index in November 2023 increased by 2.0% compared to the previous month and amounted to 1020 points. This increase is attributed to changes in the following components:
- The number of operations on bank accounts of economic entities increased by 10.4%.
- The component related to existing business entities increased by 0.4%.
- The intensity of the purchase of raw materials at the commodity exchange decreased by 2.3%.
- The trademark component decreased by 27.4%.
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