Bank Of Baku

Azerbaijan posts 1.3% rise in industrial output

Azerbaijan posts 1.3% rise in industrial output
# 17 June 2009 09:37 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan’s industrial output and services stood at AZN 7 412.5 million for January-May, up 1.3% from a year ago, said the country’s top body.

The State Statistical Committee said there was a 2.7% rise in extractive industry, which accounts for 70.2% of industrial output.

The decline was 7.5% in processing industry while there was a 0.4% rise in distribution of electricity, gas and water.

Goods accounted for 90.5% of the industrial output, leaving 9.5% to industrial services.

The share of the private sector in the industrial production was 76%.
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