Growth Rates in Oil Industry Exceed Non-oil Sector
Azerbaijan, Baku, 17 October /corr. Trend N.Ismaylova / In January to September, the industrial production and services increased by 9.6% and made up AZN 24.2bln, State Statistics Committee said.
The volume of production and services in non-oil sector of industry increased by 8.2% and in oil sector by 12.4%.
Over the reported period, the growth rates in the extractive industry were at the level of 12.1%, composing AZN 19.28mln with specific weight of 79.7% of the gross industrial production. However, growth rates in the processing industry were 12.1%, totaling AZN 3.95mln (17.04%), electricity, gas and water - AZN 949.41mln with the increase of 33.1%.
Over the reported period, 32.6% growth was observed in the metallurgical industry and ready product from metal, 1.2% food products, 53.7% in chemical products.
The specific weight of the industrial production and services in the private sector made up 83% (AZN 20.8bln) of all industrial production. The growth in private sector was 13.2% and public sector - 6.5%.
The rate on 17 October is 0.8092 AZN/USD.
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