Industry in Azerbaijan
Azerbaijan - Industry
Growth lost steam in the second quarter, following a healthy oil sector-driven expansion at the outset of the year. Faltering crude production weighed on overall industrial output growth in the quarter, largely offsetting gains from a surge in natural gas production. Moreover, lower crude shipments dented the external sector’s performance, bringing merchandise export growth to a near standstill in H1. This, in turn, seemingly resulted in crumbling oil export income and likely dragged on government revenue in the quarter. On a more positive note, non-oil sector activity remained healthy in Q2. Retail sales accelerated a notch, amid a more accommodative monetary policy environment, which points to robust consumer demand. On top of that, agricultural output and industrial production excluding oil and gas rose considerably in Q2.Azerbaijan - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.8 | -0.7 | 2.4 | -0.5 | -3.4 |
Azerbaijan Industry Chart
Source: State Statistical Committee
Azerbaijan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.70 | -0.66 % | Jul 31 |
| Stock Market | 0.1 | 0.0 % | Jul 31 |
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