Bank Of Baku

Azerbaijan industrial production index drops sharply in September

Azerbaijan industrial production index drops sharply in September
# 22 October 2009 08:09 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, reached 90.5% in September, compared to 113.3% in August, 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 September in value terms (AZN 2 048.2 million) divided by industrial output for August (AZN 2 263.7 million).

The State Statistical Committee said AZN 15 624.9 million worth of industrial output and services were produced during January-September, up 5% on the same period last year.
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