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Azerbaijan records slight decrease in production volume of industrial enterprises

Business Materials 9 July 2021 12:08 (UTC +04:00)
Azerbaijan records slight decrease in production volume of industrial enterprises

BAKU, Azerbaijan, July 9

By Fatima Zulfigar - Trend:

The volume of produced goods and provided services by industrial enterprises and individuals working in this sector in Azerbaijan in the first five months of 2021, has decreased, Trend reports referring to the State Statistical Committee.

According to the source, this indicator amounted to 18.8 billion manat ($11.06 billion, down 2.2 percent on annual basis).

The decrease was due to reduction in oil and gas production by 5.2 percent, while manufacturing volume of non-oil products grew by 16.2 percent.

From January through May of this year, about 62.5 percent of the manufactured industrial products accounted for mining, 31.2 percent - for processing, 5.5 percent - for electricity, gas and steam production, distribution and supply, and 0.8 percent - for water supply.

The share of the private sector in the industry sector was 81.7 percent. Nearly 90.4 percent of the total production fell on industrial goods, and 9.6 percent - industrial services, added the source.

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