Country Report Uzbekistan April 2011

Economic performance: Business activity index points to a rise in industrial output

First-quarter figures are not yet available, but the government is likely to claim that output grew by at least 6% year on year, in line with its official target. The authorities have reported that industrial output rose by 4.9% year on year in January, compared with 3.1% in January 2010. The State Statistics Committee reports that electricity generation rose to 8.8bn kwh during the first two months of 2011, an increase of 2.7% year on year. The State Demonopolisation Committee's business activity index for the industrial sector increased by 6% in February compared with January. The index pulls together survey data from 100 large and medium-sized firms, on orders, employment and inventories. The best-performing sectors were agriculture, agri-processing, consumer gods, construction, capital goods and machinery, energy and metallurgy. The index is relatively crude as a measurement of output, although it does provide an idea of business sentiment.

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