Bank Of Baku

Azerbaijan sees 5% decline in industrial sector

Azerbaijan sees 5% decline in industrial sector
# 14 December 2011 13:00 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Production has declined by 5% and made AZN 31.2 bln in industrial sector of Azerbaijan during January-November, 2011.

According to State Statistical Committee, 78% or AZN 24.3 bln of industrial production was produced in mining sector, 17% or AZN 5.3 bln - in processing sector, 4.4% or AZN 1.4 bln - in electric power, gas and steam production, distribution and supply, 0.6% or AZN 170.7 mln - in water supply, cleaning of wastes spheres.


Industrial production dropped 8.2% in oil sector during the reporting period, it rose 9.7% in non-oil sector.
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