Bank Of Baku

Azerbaijan IPI index decreases

Azerbaijan IPI index decreases
# 19 February 2014 11:53 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 94.9% in January, 2014, down 10.6 percentage points compared to December, 2013.

 

 

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 2.758 billion) divided by industrial output for December (AZN 2.905 billion). 

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