
Industrial Production Falls by 0.3%
. In January-May 2016 the volume of industrial production in Azerbaijan made in constant prices 12.1 billion manats, which is 0.3% less than in the comparable period of 2015, the State Statistics Committee said.
In the non-oil sector, which accounts for 27% of industrial production (3 billion 270 million AZN), a 3.5% rise was marked. In the oil sector decrease in production by 0.8% was recorded.
The mining industry accounts for 64.5% of industrial output, and the processing industry accounts for 28.6%, etc.
Industrial goods make up 86.4% of the industrial production. The remaining 13.6% are industrial services.
In May, industrial production increased by 9.8%.
The share of private sector in industry is 79.5%. This also includes the activities of foreign companies involved in the development of oil and gas fields. -------08D
Economics
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