Uzbekistan Business ConfidenceMay 2023 Data - 2020-2022 Historical - June Forecast

Name: Uzbekistan Business Confidence
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Business Confidence in Uzbekistan increased to 64 points in March from 58 points in February of 2023.

Business Confidence in Uzbekistan averaged 53.97 points from 2020 until 2023, reaching an all time high of 69.00 points in January of 2021 and a record low of 22.00 points in May of 2020. This page includes a chart with historical data for Uzbekistan Business Confidence. Uzbekistan Business Confidence - values, historical data and charts - was last updated on June of 2023.

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Uzbekistan Business Confidence

In Uzbekistan, The CERR's Business Climate is a widely observed early indicator for economic development in Uzbekistan. It is based on the results of 1,000 monthly survey responses from SMEs in the agriculture, manufacturing, construction and service sector. The firms are asked to give their assessments of the current business situation and their expectations for the next three months. They can characterize their situation as "good", "satisfactory" or "poor" and their business expectations for the next three months as "more favourable", "unchanged" or "more unfavourable". The business climate is a mean of the balances of the business situation and the expectations. The CERR's Business Climate balances can fluctuate between extreme values of -100 (i.e., all responding firms appraise their situation as poor or expect business to become worse) and +100 (i.e., all responding firms assessed their situation as good or expect an improvement in their business).