Uzbekistani Sum Ends September on Strong Footing
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Uzbekistani Sum Ends September on Strong Footing

In recent weeks, the US dollar has predominantly traded in the range of 11,700–11,850 soms after a prolonged decline from peak spring values. Overall, the sum has retained most of its initial gains despite periodic attempts by the dollar to regain lost ground.

September proved favorable for the national currency: the dollar exchange rate fell from 11,800 to 11,775 soms. Consequently, the sum strengthened by 0.5% during the month. Since the beginning of the year, it has shown growth of 2.5%.

After the dollar exceeded the 12,200 soms mark in February, a stable downward trend formed in the dollar/sum currency market.

The fundamental support for Uzbekistan's national currency remains quite strong. In the first half of the year, the supply of foreign currency in the domestic market, excluding Central Bank operations, increased by 31%, reaching 27.8 billion US dollars, while demand grew by 20% to 32 billion US dollars. This led to a narrowing of the foreign currency deficit by 1.3 billion US dollars, or 24%. Significant inflows of remittances and a high level of international reserves provide additional support to the market.

Monetary policy also plays an important role. In September, the Central Bank maintained its key rate at 14%, while annual inflation stood at 6.2%, and core inflation was around 5.5%. A high real interest rate increases the attractiveness of savings in the national currency, and the strengthening of the sum helps curb imported inflation.

Nevertheless, sustained domestic demand could put pressure on the national currency. Active consumer and investment activity stimulates imports and increases the need for foreign currency by businesses. Another risk for the sum is the external environment, especially against the backdrop of the strengthening of the US dollar in global markets.

Despite this, the balance of factors remains favorable for now. In light of these circumstances, the basic range for the US dollar for the coming week is forecasted to be within 11,700–11,900 soms.

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Uzbekistan's industrial production grew by 8% in January-August 2026 to 926.5 trillion soums
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Uzbekistan's industrial production grew by 8% in January-August 2026 to 926.5 trillion soums

According to data from the National Statistical Committee of Uzbekistan, industrial production in Uzbekistan reached 926.5 trillion soums from January to August 2026, demonstrating an 8% growth compared to the same period last year.

Manufacturing accounted for the largest share of total industrial output, providing 805.7 trillion soums, or 87% of the total amount. Production in this sector increased by 9.1%.

The electricity, gas, steam, and air conditioning production sector amounted to 58.2 trillion soums (6.3% of the total volume), showing an increase of 11.8%. Mineral extraction and quarrying contributed 57.8 trillion soums (6.2%), although production in this sector decreased by 2.4%. Water supply, sewerage, waste collection, and disposal provided 4.8 trillion soums (0.5%), with output growing by 10.2%.

Within the manufacturing sector, the food industry, beverages, and tobacco accounted for 20.1% of output, while textiles, clothing, and leather goods occupied 11.9%. Chemical products, rubber, and plastics provided 6.3%.

Metal products, electronics, mechanical engineering, automobiles, other transport equipment, as well as machine repair and installation collectively accounted for 15.2%. However, hydrocarbon extraction decreased: natural gas output fell by 16.3% to 24.2 billion cubic meters (from 28.9 billion last year), and condensate production decreased by 14.8% to 648.3 thousand tons. Oil production fell by 2.2% to 425 thousand tons, and coal mining decreased by 10.2% to 4.4 million tons.

Concurrently, gasoline production increased by 4.6% to 811.3 thousand tons, and diesel fuel output grew by 6.1% to 834.3 thousand tons. Portland cement production increased by 2.2% to 14.1 million tons.

Electricity generation increased by 7.3% to 60.5 billion kWh. Large enterprises produced 40.4 billion kWh, which was 2% less than the previous year. Small enterprises whose main activity is electricity production increased output by 32.4% to 20.2 billion kWh. Heat generation by large enterprises decreased by 19.1% to 10.9 million Gcal.

Passenger car production increased by 9.2% to 310.4 thousand units. Cobalt showed the largest production volume with 107.1 thousand cars, an 8.2% increase. Among brands, BYD demonstrated the fastest growth, increasing output by 84.5% from 12.9 thousand to 23.9 thousand cars. Onix production grew by 16.1% to 23.5 thousand units, KIA increased production by 12.9% to 19.4 thousand, and Haval by 17.4% to 6.2 thousand.

Meanwhile, Damas production decreased by 4.9% to 55 thousand cars, and Tracker output decreased by 0.5% to 29.8 thousand, while Chery production decreased by 2.7% to 5.8 thousand. An additional 1.5 thousand Chevrolet Damas Move cars were produced. Truck production increased by 42% to 3.9 thousand units, and automotive engine production grew by 6.9% to 160.7 thousand units.

In the textile sector, cotton fiber production increased by 50.9% to 543.7 thousand tons. Cotton fabric output grew by 18.2% to 74.7 million square meters, knitted fabric production increased by 5.2% to 56.6 thousand tons, and knitted underwear production grew by 43.4% to 96 million units. However, knitted outerwear production decreased by 9.5% to 35.1 million units. Additionally, Uzbekistan produced 972.3 thousand tons of wheat flour.

By region, the largest volumes of industrial output were recorded in Navoi region (205.7 trillion soums), Tashkent (158.4 trillion soums), and Tashkent region (147.7 trillion soums). The highest growth rates were shown by Jizzakh region (13.2%), followed by Samarkand region (9.4%) and Andijan region (9.1%). The lowest growth rates, at 7.2%, were noted in both Navoi region and Karakalpakstan Republic.

The average industrial output per capita across the country was 24.1 million soums, higher than 17.5 million soums the previous year. This indicator grew by 106.1%, corresponding to an increase of 6.1% in comparable prices.

Industrial output per capita exceeded the national average in Navoi region (184.4 million soums), Tashkent (49.6 million soums), and Tashkent region (46.5 million soums). Growth in production per capita above the national level was recorded in Jizzakh region (11.1%), Samarkand region (7.4%), and Andijan region (7.3%).

As of September 1, 2026, there were 65.3 thousand industrial enterprises in Uzbekistan. The largest group consisted of food producers with 13.2 thousand enterprises (20.2%), followed by producers of other non-metallic mineral products—9.2 thousand enterprises (14%), and clothing producers—6.7 thousand enterprises (10.3%).

Additionally, 5.4 thousand enterprises were engaged in finished metal product manufacturing, 4.5 thousand in furniture making, 4 thousand in textile production, and 3 thousand in rubber and plastic product manufacturing.

Uzbekistan Football Association supports FIFA President Gianni Infantino
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Uzbekistan Football Association supports FIFA President Gianni Infantino

The Uzbekistan Football Association (UFA) publicly expressed its full support for FIFA President Gianni Infantino and his intention to maintain close cooperation with the organization.

This statement was made during Infantino's visit to Uzbekistan. In Tashkent, the FIFA President reviewed current projects for the development of football infrastructure, including the construction of a new stadium in Yangi Tashkent.

Infantino received information on the progress of the stadium construction, its infrastructure, and the conditions being created for hosting the FIFA U-17 World Cup in Uzbekistan.

Furthermore, the FIFA President met with the national team of Uzbekistan. The parties discussed the current state and prospects for the development of Uzbek football, as well as the national team's participation in international competitions.

During the meeting with the UFA president, Infantino discussed cooperation with FIFA, the development of football infrastructure, support for youth football, and the further promotion of Uzbek football on the international stage.

As part of his visit, the head of FIFA participated in the opening of a new football pitch at Secondary School No. 90 in Tashkent. This project aims to develop mass sports among youth and create modern conditions for football training.

UFA emphasized that it fully supports FIFA and Gianni Infantino and intends to continue close interaction with the international governing body of football.

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