Bank Of Baku

Azerbaijan industrial production index decreases

Azerbaijan industrial production index decreases
# 18 February 2010 10:08 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, stood at 106% in January, compared to 110.1% in December and 107% in November, 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 in value terms over the duration of business cycle, i.e. industrial output for January (AZN 2.543 billion) divided by industrial output for November (AZN 2.4 billion).

The State Statistical Committee said industrial output and services produced during January were up 13.5% from a year ago.
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