Azerbaijan industrial production index drops sharply in June

Azerbaijan industrial production index drops sharply in June
# 04 August 2009 13:23 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, reached 103.6% in June, compared to 131.1% in May, according to APA-Economics calculations on data released by the State Statistical Committee.

This index accounts for the bulk of the variation in national output over the duration of business cycle, i.e. industrial output for June in value terms (AZN 1 901.8 million) divided by industrial output for May (AZN 1 835.2 million).

Industrial production index was 97.3% for non-oil sector in June, compared to 131.9% in May.

The State Statistical Committee said AZN 9 314.3 million worth of industrial output and services were produced during January-June, up 1% on the same period last year.
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