Consumption in Uzbekistan
Uzbekistan - ConsumptionAn advanced estimate showed GDP growth accelerated to the highest level since Q3 2016 in Q2, after Q1’s private consumption-driven expansion. The upturn was predominately driven by stronger industrial production and retail trade output. Turning to Q3, the economy is facing headwinds: The gradual reimposition of restrictions since late June has weighed on travel and the hospitality sector, while ongoing dry conditions will be stunting the all-important agricultural sector. Externally, merchandise exports contracted in July amid lower gold shipments, as a decline in prices led the Central Bank to halt the sale of the yellow metal at the start of Q3. However, industrial production growth gained momentum in July, while robust transportation and financial services activity in the same month should have propped up the tertiary sector, despite ongoing Covid-19-related restrictions.
Uzbekistan - Consumption Data
|Consumption (annual variation in %)||11.6||7.0||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||9,516||0.0 %||Dec 31|
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