CSI continues to rise in Azerbaijan

CSI continues to rise in Azerbaijan
# 25 January 2013 08:13 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. In December, 2012, Construction Spending Indicator (CSI) was 156.1% in Azerbaijan. It was 116.1% in November, 72.5% - in October.

CSI is calculated as a comparison between the construction investment and previous month’s similar indicator. So, investments directed to apartment building rose 2.2 times in November.

In general, the funds directed to housing construction made AZN 1.396 bln, up 47.5% from year earlier.

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