Baku, Azerbaijan, June 19
By Anvar Mammadov – Trend:
Azerbaijan’s non-oil sector showed a 3.9 percent growth in January-May 2017, while the country’s oil sector decreased by 7.1 percent compared to the same period of 2016, the Azerbaijani State Statistics Committee said in a report as of January-May 2017.
According to the report, the total volume of industrial production (the volume of produced goods and rendered industrial services) in Azerbaijan amounted to 15.7 billion manats in January-May 2017, which is by 5.5 percent less than in the same period of 2016.
The production volume in the extractive industry reached 11 billion manats (70.2 percent) of the entire industrial production in January-May 2017, which is by 6.7 percent less than in January-May 2016, the report said.
Thus, 15.9 million tons of oil and 11.7 billion cubic meters of gas were produced in Azerbaijan in January-May 2017.
Oil production decreased by 9.2 percent, while gas production – by 5.9 percent in January-May 2017 compared to January-May 2016.
The production volume in the processing industry amounted to 3.8 billion manats (24.4 percent of total industrial output) in January-May 2017, which is by 0.1 percent less than in the same period of 2016.
The biggest growth was observed in the spinning industry – by 2.2 times, in the production of electrical appliances – by 2.1 times, food industry – twofold, in pharmaceutics – by 2.3 times, in the wood production and processing (excluding furniture) - by 87.5 percent, in the production of computers, electronics and optical products – by 72.1 percent.
Production, distribution and supply of electricity, gas and steam increased by 1.8 percent in January-May 2017 as compared to the same period of 2016, while water supply, treatment and recycling of waste decreased by 1.1 percent.
As of June 1, 2017, the finished goods worth 560.8 million manats were kept in the warehouses of industrial enterprises, taking into account the stocks remaining from the previous years.
Thus, 70.5 percent of stocks account for Baku, 6.8 percent - Sumgait, 4 percent - Ganja, 2.8 percent - Shirvan, 0.1 percent - Mingachevir, and the rest part – for the warehouses of industrial enterprises of other cities and districts.
(1.7023 AZN = 1 USD on June 19)