Azerbaijan increases industrial production
Baku, Azerbaijan, Feb. 17
By Azad Hasanli - Trend:
In January 2015 the total volume of industrial production (the volume of produced goods and rendered industrial services) in Azerbaijan amounted to 1.780 billion AZN, which is 1.4 percent more than in January 2014, the Azerbaijani State Statistics Committee's report said.
Azerbaijan's non-oil sector showed a 1.8 percent decrease, while the oil sector increased 2.6 percent compared to January 2014.
During the reporting period, the volume of production in the mining industry hit 1.034 billion AZN with a weight of 58.1 percent of the entire industrial production, which is 4.4 percent more than in January 2014.
Oil production volume amounted to 3.67 million metric tons, while natural gas production was 2.49 billion cubic meters.
Oil production increased by 0.9 percent, while gas production decreased by 6.6 percent compared to January 2014.
The volume of production in the processing industry amounted to 537.5 billion AZN (30.2 percent of total industrial output) in January 2015 or by 7.6 percent less than in January 2014.
The growth was observed in the production of vehicles and trailers - by 10.5 times, computer and other electronic equipment - 2.6 times, tobacco - by 48.9 percent, jewelry, music, sports and medical equipment - by 87.6 percent, the repair and installation of machinery and equipment - 41 percent, other vehicles - 74.3 percent, chemical industry - 33.7 percent, building material production - 54.8 percent, etc.
Production, distribution and supply of electricity, gas and steam hit 10.7 percent of the total production volume, but water supply, treatment and recycling of waste - 1 percent in January 2015.
The official exchange rate is 0.7853 AZN/USD Feb. 17.
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Edited by CN