Bank Of Baku

Azerbaijan industrial production index increases sharply

Azerbaijan industrial production index increases sharply
# 15 September 2011 09:31 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 119.8% in August, 2011, up 44.4% compared to a year ago, APA-Economics reports according to 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 August (AZN 2.880 bn) divided by industrial output for July (AZN 2.405 bn).
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