Bank Of Baku

Azerbaijan IPI index decreases sharply

Azerbaijan IPI index decreases sharply
# 24 February 2012 11:45 (UTC +04:00)
Baku. Vahab Rzayev – APA-ECONOMICS. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 90.7% in January, 2012, down 15.4 percentage point compared to December, 2011.




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 January (AZN 3.065 billion) divided by industrial output for December (AZN 3.380 billion).
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