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Finance 13/11/2023 The Central Bank notes an increase in spending by the population of Uzbekistan on education
The Central Bank notes an increase in spending by the population of Uzbekistan on education

Tashkent, Uzbekistan (UzDaily.com) -- In the third quarter of 2023, citizens of Uzbekistan mainly directed their financial resources to purchase cars (18.2%), obtain education (15.8%) and treatment (11%), according to the report of the Central Bank of Uzbekistan entitled “Review of Consumer Sentiment” for the third quarter of 2023.

This review is based on the results of a population survey. According to the report, the population expresses intention to allocate funds to education (15.3%) in the future. Respondents also noted that they were planning expenses for home renovation (10.6%), buying a car (9.8%) and other needs (9.7%).

The report highlights increased demand for home appliances and leisure travel. Spending on wedding ceremonies increased from 5.1% to 7.8%.

Demand for loans decreased by 0.6 percentage points compared to the same period last year. Among respondents with different income levels, only those who receive up to 2 million soums, from 7 to 10 million soums and over 10 million soums expressed their intention to take out a loan in the coming months. In all other groups, a decrease in requests for loans is expected.

The vast majority of respondents (74%) expressed the expectation that the economic situation in Uzbekistan will improve over the next three years.

 

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