CAP KMI August 2015

The Central Asia Prospect Kyrgyzstan Macroeconomic Indicators Index

News Release

For Further Information:

Dr. Gary Roseman  

groseman@centralasiaprospect.com

For Immediate Release, August 26, 2015

Increase in the CAP KMI Index in August

Economic data from Kyrgyzstan continue to show a positive macroeconomic environment in the Central Asian democracy and generate an increase in the Central Asia Prospect Index of Kyrgyzstan Macroeconomic Indicators (CAP KMI Index). The current reading of the Index is 134.4, up 1.2 from the July 2015 reading (October 2013 = 100), as GDP growth continued, along with increases in international reserves and banking deposits, and manageable exchange rate for the som.

The four variables used to calculate the CAP KMI Index are 1.) monthly GDP growth rate, 2.) changes in deposits at commercial banks, 3.) changes in international reserves at the National Bank (central bank), and 4.) the stability of the som/dollar exchange rate.  A composite of these variables showed an improving business environment in Kyrgyzstan at the latest reading, which comes from June 2015 data.  

GDP growth continued, led by a strong showing in manufacturing. Deposits at commercial banks in the country increased by over 4 percent from the May level. International reserves at the National Bank increased by 2.5 percent from the previous month. The exchange rate of the som varied but remained within bounds seen in the recent past.