Baku, Azerbaijan, June 22
By Anvar Mammadov - Trend:
Azerbaijan’s non-oil sector showed 3.5 percent growth in January-May 2016, while the oil sector reduced by 0.8 percent compared to the same period of 2015, the Azerbaijani State Statistics Committee’s report as of January-May 2016 said.
The total volume of industrial production (the volume of produced goods and rendered industrial services) in Azerbaijan amounted to 12.3 billion manat during this period, which is 0.8 percent less than in January-May 2015.
The official exchange rate is 1.527 AZN/USD June 22.
During the reporting period, the volume of production in the mining industry hit 7.8 billion manat (64.5 percent) of the entire industrial production, which is 0.3 percent less than in January-May 2015.
Oil production volume amounted to 17.5 million tons, while natural gas production was 12.45 billion cubic meters during this period.
Oil production decreased by 0.7 percent, gas production increased by 0.5 percent during this period compared to January-May 2015.
The production volume in the processing industry amounted to 3.5 billion manat (28.6 percent of total industrial output) during this period or by 2.3 percent more than in the same period of 2015.
In this sector, the highest growth was fixed in the production of computers, electronic and optic products – by 3.1 times, weaving industry – by 2.9 times, repair and installation of machinery and equipment - by 2 times.
Production, distribution and supply of electricity, gas and steam decreased by 6.2 percent in January-May compared to the same period of 2015, but water supply, treatment and recycling of waste - by 0.8 percent.
---
Follow the author on Twitter: @Anvar_Mammadov