Uzbek entrepreneurs most positively assessed the business climate in the field of agriculture - CERR survey
17/05/2022 20:36
Uzbek entrepreneurs most positively assessed the business climate in the field of agriculture - CERR survey
17/05/2022 20:36
Tashkent, Uzbekistan (UzDaily.com) -- The results of a survey by the Center for Economic Research and Reforms showed that in April 2022 in the sectoral context of the composite indicator of the business climate in agriculture, a significant increase was noted (+10 points compared to March of this year).
At the same time, the indicator of the current state of business in the field of agriculture increased by 10 points, and the most noticeable increase (+11 points) of the expectation indicator is also observed in agriculture. Thus, it is the agricultural sector that shows the most resilient nature to risks and shocks, and the reforms carried out by the government in the industry increase its productivity, experts say.
The Center for Economic Research and Reforms (CERR) conducted another round of a survey among enterprises throughout the country. More than 1,000 companies took part in the April survey in two areas: a qualitative assessment of the current state of the business and the expectations of entrepreneurs regarding the prospects for the development of their business for the next three months.
The sampling methodology is sectoral stratified random sampling according to the World Bank Enterprise Survey methodology.
Compared to March this year, the consolidated indicator of the business climate remained unchanged and amounted to 54 points, which assesses the state of the business climate in the country as positive.
In the sectoral context, the indicator of the business climate in the field of agriculture amounted to 61 points, services - 55 points (March 2022 - 59 points), in construction - 51 points (March 2022 - 56 points) and industry - 48 points (March 2022 - 50 p.).
The components of the business climate summary indicator have changed as follows:
The indicator of the current state of business was 33 points, which characterizes the positive mood of entrepreneurs regarding the current state of the business.
The share of respondents who noted the current state of their business as good was 33%. When asked how the state of business has changed over the past 3 months, 32% of entrepreneurs answered that it has improved, 51% - did not change and 17% - worsened.
Demand for goods/services improved in 41% of enterprises, while the number of employees increased in 23% of enterprises.
The indicator of the current state in the field of agriculture was 43 points, services - 34 points, industry - 20 points and construction - 34 points.
The indicator of expectation of business development prospects amounted to 78 points, which reflects the expectations of entrepreneurs about the prospects for the development of their business for the next 3 months as optimistic.
81% of entrepreneurs believe their business prospects will improve. It is expected that the demand for goods and services will improve in 73% of enterprises, an increase in the number of employees is expected by 65% of respondents.
35% of entrepreneurs believe that prices for goods/services will not change in the next 3 months, 30% expect prices to rise, 28% of respondents do not know how prices for their goods/services will change in the near future, and 6% predict a price decrease.
The breakdown of the expectation indicator by industry showed the following dynamics: agriculture - 80 points, industry - 79 points, construction - 70 points and services - 77 points.
In general, the relationship between the values of the current situation and expectations means that, according to business entities, the positive trend in economic development will continue in the next 3 months.
Among all interviewed entrepreneurs, 37% stated that there were no obstacles in the development of their entrepreneurial activity.
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18/04/2024Read more
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