Tashkent, Uzbekistan (UzDaily.com) -- Gross domestic product (GDP) in the first quarter of 2020 increased by 4.1 percent compared with January-March 2019 in real terms and reached 110.51 trillion soums. The consumer price index compared to December last year grew by 2.8 percent.

Industrial production increased by 4 percent, reaching 82.23 trillion soums, and production of consumer goods by 11.2 percent, reaching 22.91 trillion soums. The output of agriculture, forestry and fisheries increased by 3.9 percent, reaching 25.22 trillion soums.

Investments in fixed assets decreased, making 89.5 percent of the level of the same period of last year. At the same time, the volume of construction work grew by 6.5 percent.

Retail trade turnover increased by 3.8 percent, and services provided - by 9.9 percent compared to the same period of last year.

The foreign trade turnover of Uzbekistan in January-March 2020 made up US$8.1 billion, including export – US$3.37 billion, import – US$4.76 billion.

The volume of trade decreased compared to last year, amounting to 89.8 percent of the level of the same period of last year. Moreover, exports decreased more than imports, amounting to 89.1 percent from the same period last year, while imports - 90.3 percent.

The foreign trade balance was negative - -US$1.39 billion.

For most of the first quarter, the economy of Uzbekistan did not experience the impact of restrictive measures in connection with coronavirus infection, which accounts for the rather positive indicators of the first quarter for most items. Nevertheless, measures to combat the pandemic taken by other countries have already negatively affected the results of foreign economic activity, since restrictive measures began to be applied by other countries much earlier.