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Azerbaijan's non-oil industry increases by 0.3%

Business Materials 24 February 2016 20:04 (UTC +04:00)

Baku, Azerbaijan, Feb. 24
By Anvar Mammadov - Trend:

Azerbaijan's non-oil sector showed 0.3 percent growth in January 2016, while the oil sector reduced by 3.5 percent compared to the same period of 2015, the Azerbaijani State Statistics Committee's report as of January said.

The total volume of industrial production (the volume of produced goods and rendered industrial services) in Azerbaijan amounted to 2.1 billion manat during this period, which is 3.1 percent more than in January 2015.

During the reporting period, the volume of production in the mining industry hit 1.3 billion manat with a weight of 62.2 percent of the entire industrial production, which is 3.5 percent less than in January 2015.

Oil production volume amounted to 3.5 million tons, while natural gas production was 1.6 bcm during this period.

Oil production decreased by 3.9 percent, gas production decreased by 10.5 percent during this period compared to January 2015.

The production volume in the processing industry amounted to 607.4 billion manat (28.8 percent of total industrial output) during this period or by 2.4 percent more than in the same period of 2015.

In this sector, the highest growth was fixed in the weaving industry - by 2.9 times, production of cars, trailers and semi-trailers - by 2.4 times, repair and installation of machinery and equipment - by 2.2 times and production of finished metal products - by 2.1 times.

Production, distribution and supply of electricity, gas and steam decreased by 8.7 percent in January compared to the same period of 2015, but water supply, treatment and recycling of waste increased by 0.7 percent.

As of Feb. 24, the official exchange rate is 1.5612 AZN/USD.

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