Bank Of Baku

Azerbaijan IPI index decreases sharply

Azerbaijan IPI index decreases sharply
# 24 July 2013 08:43 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 95.2% in June, 2013, down 10.4 percentage points compared to May.

This index accounts for the bulk of the variation in national output in value terms over the duration of business cycle, i.e. industrial output for June (AZN 2.737 billion) divided by industrial output for May (AZN 2.875 billion)

 

Generally the industrial production in January-June was AZN 16.9 bln, up 0.3% in annual comparison. 

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