Bank Of Baku

Azerbaijan IPI index increases

Azerbaijan IPI index increases
# 27 January 2014 09:27 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s industrial production index (IPI), a measure of real production output, made 105.5% in December, 2013, up 5.1 percentage points compared to November.

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 December (AZN 2.905 billion) divided by industrial output for November (AZN 2.754 billion)

 

Totally, the industrial production made AZN 33.697 bln in 2013, up 1.8% from 2012.

 

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