Bank Of Baku

Azerbaijan’s Jan-Feb industry grows 40.1%

Azerbaijan’s Jan-Feb industry grows 40.1%
# 19 March 2007 08:47 (UTC +04:00)
Azerbaijan produced goods and services worth AZN 29.435m during the period of January and February, 40.1% more than a year earlier.
The State Statistical Committee told APA-Economics that industrial growth was 53.1% in oil production, 20.9% in gas output, triple in rubber and plastic production, 2.4 times in engineering, 50.3% in electronics and optic equipment making, 33.2% in textile and sewing industry, 35% in wood products, 8.3% in foodstuff production etc.
Services accounted for 6% of the industrial production. The share of state sector was 21.3% in the industrial production.
The industrial enterprises’ payroll expanded 4.8% year-on-year to 166,900 people.
The monthly nominal average wages of the hired workers rose 15.3% to AZN 274, in mining industry went up 13% to AZN 644.5, in processing industry climbed 21.9% to AZN 151.2, in production and distribution of electricity, gas and water jumped 30% to AZN 166.5. /APA/
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