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Azerbaijan industrial production index rises

Azerbaijan industrial production index rises

18 June 2010 11:52 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijanâ€™s industrial production index (IPI), a measure of real production output, reached 103.3% in May, 2010, compared to 100.8% in April, 113% in March, 85% in February and 106% in January, according to APA-Economics calculations on data released by the State Statistical Committee.

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 May (AZN 2.541 billion) divided by industrial output for April (AZN 2.459 billion).

The State Statistical Committee said AZN 12 141 million worth of industrial output were produced during January-May, 2010, up 4.3% on a year ago.

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