Money in Azerbaijan
Azerbaijan - MoneyActivity growth strengthened somewhat in the third quarter, after slowing in the second quarter. The acceleration was led by a marked upturn in non-oil and gas activity, which more than offset softness in the energy sector in Q3. Household spending likely spearheaded the overall expansion, reflected by sturdier retail sales growth in the quarter amid a stronger increase in wages in July–August. Furthermore, capital investment fell less sharply in Q3 compared to Q2, likely supported by the Central Bank’s policy rate cuts. On a less positive note, external sector metrics remained lackluster in Q3: After falling in Q2, merchandise exports dipped again in Q3 on lower shipments of oil and gas. Turning to the fourth quarter, economic activity cooled in October amid a sustained downturn in the oil and gas sector, boding poorly for growth at the quarter’s outset.
Azerbaijan - Money Data
|Money (annual variation of M2 in %)||19.0||6.1||-50.6||34.1||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan Money Chart
Source: National Bank of Azerbaijan
|Exchange Rate||1.70||-0.66 %||Nov 21|
|Stock Market||0.1||0.0 %||Nov 15|
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