Bank Of Baku

Azerbaijan industrial production index decreases in August

Azerbaijan industrial production index decreases in August
# 23 September 2010 14:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 102.2% in July, compared to 102.7% in July, 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 July (AZN 2.080 billion) divided by industrial output for June (AZN 2.077 billion).

The State Statistical Committee said AZN 18 311.9 million worth of industrial output and services were produced during January-August, 2010.


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