BAKU, Azerbaijan, July 20. Azerbaijan has recorded an increase in the Economic Activity Index in both the commercial and non-commercial sectors since the beginning of the second quarter of 2022, and a relative decline by the end of the quarter, Trend reports via the analysis of intersectoral financial flows of the Central Bank of Azerbaijan (CBA).
According to CBA, 21 percent or 3.9 billion manat ($2.3 billion) of incoming payments fell in the commercial sector, 79 percent or 14.4 billion manat ($8.4 billion) in the non-commercial sector.
Incoming payments increased by 19.8 percent or three billion manat ($11.6 billion), generally, in the second quarter of 2022 compared to the same period last year (to 18.3 billion manat or $10.7 billion).