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Azerbaijan industrial production index IPI index falls to a minimum of 18 months

Azerbaijan industrial production index IPI index falls to a minimum of 18 months

25 August 2011 13:30 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijanâ€™s industrial production index (IPI), a measure of real production output, made 75,4% in July, 2011, down 45.6% compared to a year ago.

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 July (AZN 2 405,4 million) divided by industrial output for June (AZN 3 190,7 million).

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