Bank Of Baku

Azerbaijan industrial production index rises in March

Azerbaijan industrial production index rises in March
# 20 April 2010 12:04 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, reached 113% in March, compared to 85% in February and 106.1% in January, 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 March (AZN 2.44 billion) divided by industrial output for November (AZN 2.16 billion).

The State Statistical Committee said AZN 7.141 billion worth of industrial output and services were produced during 2010, up 5.6% on a year ago.
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