Business Activity Index in Uzbekistan up 15.9% in July 2025

In July 2025 Uzbekistan recorded a significant improvement in its Business Activity Index (BAI), which climbed by 15.9% compared with the previous month, according to the Centre for Economic Research and Reforms (CERR). On an annual basis, the index rose by 14.3%.

The strongest influence came from brand registration activity. Trademark protection sub-index surged by 51% over the month, with 468 trademarks officially registered nationwide.

The exchange component of the index also posted strong results, growing by 33.2% compared with June. The average volume of goods per transaction rose by 38.2%, while the number of trades increased by 28.2%. Turnover at the Uzbekistan Commodity Exchange reached nearly 6.7 trln UZS ($534.9 mln) in July, up 2.8% on the month.

Interbank payments showed a moderate increase of 3% in July. The total number of active enterprises saw mixed changes: 22 large businesses were added to the economy, but the number of small firms and farms declined.

Regional results were uneven. Bukhara Region led with a 47.9% jump in its BAI, followed by Surkhandarya with 42.8% and Namangan with 35.4%. In total, 11 regions recorded growth while three showed declines. Negative dynamics were observed in Karakalpakstan, Khorezm and Syrdarya.

Kursiv also reports that in July, the composite business climate index rose to 52 points.