BAKU, Azerbaijan, August 26. Uzbekistan's
industrial production rose 8% year on year in the first half of
2026, placing the country among the faster-growing industrial
economies in the Commonwealth of Independent States.


This was reflected in the report published by the Interstate
Statistical Committee of the CIS.


According to the report, the increase was compared with 1.1%
growth across the CIS, highlighting the stronger pace of industrial
expansion in Uzbekistan.


''Tajikistan recorded the highest growth among the countries
listed at 14.1%, followed by Kyrgyzstan at 12.7% and Armenia at
10.8%. Kazakhstan's industrial production increased 3.5%, while
Russia posted 0.4% growth,'' the report says.


Uzbekistan's industrial output also remained on an upward
trajectory during the second quarter. In June 2026, industrial
production increased 8.6% year on year and rose 1.3% compared with
May.


The data point to continued momentum in Uzbekistan's industrial
sector despite more moderate industrial growth across much of the
CIS.


At the same time, producer prices for industrial products in
Uzbekistan fell 0.2% in June from May, suggesting that the
acceleration in industrial output was not accompanied by a monthly
increase in producer prices. However, producer prices were 6.2%
higher than in December 2025 and 7% higher than in June 2025,
indicating that cost pressures remained elevated on an annual
basis.







Trend's analysis
shows that Uzbekistan's industrial performance in the first half of
2026 was significantly stronger than the broader CIS trend. The
country's 8% industrial growth was more than seven times the CIS
average of 1.1%, pointing to a relatively strong expansion of
production capacity and industrial activity.


The June figures are particularly notable because Uzbekistan
maintained an annual growth rate above 8% while monthly producer
prices remained broadly stable. This combination could provide some
support for industrial companies by limiting additional short-term
cost pressures, although the 7% annual increase in producer prices
indicates that input and production costs remain a factor for
businesses.


Uzbekistan's performance also stands out against the region's
larger economies. Industrial production increased only 3.5% in
Kazakhstan and 0.4% in Russia during the first half of the year,
while Belarus recorded a 0.7% decline. This suggests that
Uzbekistan's industrial expansion is outpacing several of its major
regional peers.


In Trend's
assessment, the figures reinforce the role of industry as one of
the key drivers of Uzbekistan's economic growth in 2026. Sustaining
this momentum will depend on the country's ability to expand
production capacity, attract investment, and maintain
competitiveness while managing rising producer costs.


Trend's
calculations show that Uzbekistan's industrial growth rate was
approximately 7.3 times higher than the CIS average in the first
half of 2026, with an absolute gap of 6.9 percentage points. The
country's 8% expansion also exceeded Kazakhstan's 3.5% growth by
4.5 percentage points and Russia's 0.4% growth by 7.6 percentage
points. Compared with the CIS average, Uzbekistan's industrial
growth was therefore substantially stronger, reinforcing its
position among the region's leading industrial performers. The June
figures show that this momentum was sustained, with annual
industrial growth accelerating to 8.6%, or 7.5 times the CIS-wide
average of 1.1%.


Overall, the CIS data show that Uzbekistan entered the second
half of 2026 with industrial growth well above the regional
average, strengthening its position among the faster-growing
industrial economies in the region.