Industry in Azerbaijan
Azerbaijan - IndustryRecent data showed that the economy’s lackluster performance over the first three quarters carried over into the outset of the fourth quarter, with the 0.8% year-on-year expansion recorded in the first nine months sustained in January–October. Growth has been fueled by a buoyant non-oil sector, while a weak oil sector—which has seen production shrink in recent years—has dragged on overall economic activity. Agricultural output picked up in October amid favorable weather conditions, while retail sales continued expanding a healthy pace at the start of the final quarter as a tight labor market and subdued inflationary pressures held up households’ purchasing power.
Azerbaijan - Industry Data
|Industrial Production (annual variation in %)||1.8||-0.7||2.4||-0.5||-3.4|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan Industry Chart
Source: State Statistical Committee
|Exchange Rate||1.70||-0.66 %||Dec 11|
|Stock Market||0.1||0.0 %||Dec 11|
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