Azerbaijan IPI index decreases sharply

Azerbaijan IPI index decreases sharply
# 24 September 2012 08:10 (UTC +04:00)
Baku. Vahab Rzayev – APA-ECONOMICS. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 94.2% in August, 2012, down 20.9% 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 2.748 billion) divided by industrial output for July (AZN 2.918 billion).
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