CIS Statistic Committee: Azerbaijan displays economic growth of over 35%
During January-July 2006 the CIS countries mainly preserved the dynamics of growth of basic macroeconomic figures, with some reduction of growth rates recorded. Tred reports
with reference to FinMarket, the average GDP in CIS countries displayed a 6 percent increase over year (compared to 6.5 during January-June 2006); industrial production displayed an increase of 5.3 percent (compared to 5.5 percent). This information has been provided by the CIS Statistic Committee.
Azerbaijan displayed high rates of economy growth (35.1 percent). The lowest economy growth rates were recorded in Kyrgyzstan (2.5 percent).
The high average inflation across the CIS was kept at the level of 9 percent, year-over-year. Industrial manufacturers price indices in almost all countries (except for Armenia and Ukraine) left consumer price indices behind, and such advance in the CIS made in average 14 percent.