Azerbaijan IPI index increases

Azerbaijan IPI index increases
# 19 September 2013 11:11 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 104.8% in August, 2013, up 4.9 percentage points compared to July.

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 August (AZN 2.864 billion) divided by industrial output for July (AZN 2.734 billion).

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