Bank Of Baku

CSI decreases sharply in Azerbaijan

 CSI decreases sharply in Azerbaijan
# 24 October 2013 08:12 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. In September, 2013, Construction Spending Indicator (CSI) was 116.9% in Azerbaijan. It was 465.7% in August.

 

CSI is calculated as a comparison between the construction investment and previous month’s similar indicator. So, investments directed to apartment building rose in monthly comparison.

 

 

Totally, AZN 899.7 mln was invested in housing construction in January-September, 2013, down 3.3% from 2012. 

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