Bank Of Baku

Azerbaijan industrial production index increases sharply

Azerbaijan industrial production index increases sharply
# 16 March 2011 07:49 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 123.4% in February, 2011, compared to 99.8% 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 February (AZN 2 685.2 million) divided by industrial output for January (AZN 2 175.6 million).
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