Bank Of Baku

Azerbaijan posts 41% fall in industrial output

Azerbaijan posts 41% fall in industrial output
# 23 April 2009 14:45 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan’s industrial output stood at AZN 4 177.4 million for the first quarter, down 40.7% on a year ago, said the country’s top body.

The State Statistical Committee said there was a 2.2% drop in extractive industry, which accounts for 65.8% of industrial output.

The decline was 7.1% in processing industry while there was a 4.5% rise in distribution of electricity, gas and water.

Goods accounted for 89.3% of the industrial output, leaving 10.7% to industrial services.
The share of the private sector in the industrial production was 74.4%.

Structure of Industrial Production




C – Extractive industry; D – processing; E – production and distribution of electricity, gas and water.





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