Bank Of Baku

Azerbaijan IPI index decreases

 Azerbaijan IPI index decreases
# 23 October 2013 09:12 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 98.1% in September, 2013, down 6.7 percentage points compared to August.

 

 

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 September (AZN 2.811 billion) divided by industrial output for August (AZN 2.864 billion)

 

In January-September, 2013, the industrial output was equal to AZN 25.296 bln, up 0.9% in annual comparison. 

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