Bank Of Baku

Azerbaijan posts 4% rise in industrial output

Azerbaijan posts 4% rise in industrial output
# 16 September 2009 11:38 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan’s industrial output and services stood at AZN 13 576.7 million for January-August, up 3.9% from a year ago, said the country’s top body.

The State Statistical Committee said there was a 6.3% rise in extractive industry, which accounts for 73.8% of industrial output.

The decline was 6.8% in processing industry and 7.1% in distribution of electricity, gas and water.

Goods accounted for 91.8% of the industrial output, leaving 8.2% to industrial services.

The share of the private sector in the industrial production was 79.2%.
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