Bank Of Baku

Azerbaijan IPI index continues to increase

Azerbaijan IPI index continues to increase
# 23 January 2013 08:55 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 116.5% in December, 2012, up 25.8 percentage points compared to November.

 

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 December (AZN 2.898 billion) divided by industrial output for November (AZN 2.487 billion)

 

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