Bank Of Baku

Azerbaijan industrial production index decreases in October

Azerbaijan industrial production index decreases in October
# 23 November 2010 09:45 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 99.1% in October, compared to 100.9% in September, 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 October (AZN 2.079 billion) divided by industrial output for September (AZN 2.098 billion).

The State Statistical Committee said AZN 22 488.6 million worth of industrial output and services were produced during January-October, 2010.
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