OREANDA-NEWS. January 22, 2010. The State Statistics Committee (SSC) informs that for 2009 country’s industrial output reached AZN 22.2 bn (US27.75 bn in accord with average exchange rate of AZN 0.8 to the US dollar) that is by 8.6% more versus the 2008 figure.

In December, industrial production made AZN 2.4 bn against AZN 2.1 bn in November, AZN 2.1 bn in October, AZN 2.048 bn in September, AZN 2.26 bn in August, AZN 1.998 bn in July, 1.901 bn in June, AZN 1.835 bn in May, AZN 1.39 bn in April, AZN 1.5 bn in March, AZN 1.3 bn in February and AZN 1.3 bn in January of 2009.

The governmental forecast for 2009 envisaged industrial production growth of 23% and the actual indicator for 2009 was 14.4% less than the forecast. Industrial production was equivalent to 62.7% of the forecast for 2009 (AZN 35.4 bn).

In 2008 industrial production made AZN 28.05 bn (US 34.209 bn) that is by 6% more versus the 2007 index.

Since October the SSC has not published data on state and private industrial sector.

For Jan-Sept 2009 industrial production in private sector was 80% (AZN 14.16 bn) of overall manufacture. The data about the dynamics were not presented, but for Jan-Sept of the year non-state sector was observed growth of 8.9% against the decline of 8.9% in state sector versus drop of 7.9% in state-governed industry.

Production in extracting industry (AZN 16.8 bn) made 75.7% of entire industrial output, processing industry (AZN 4.2 bn) – 18.9% and the rest volume (AZN 1.2 bn or 5.4%) fell on the share of energy, gas and water supply sectors. Production in extracting industry rose by 12.5%, fell by 7.7% in processing industry and by 10.8% in energy, gas and water sectors.

In 2009, industrial sector lagged by 0.7% from country’s GDP dynamics that observed the 9.3% growth in comparable prices. For comparison: the August 2008 tendency when industrial growth rate was less than GDP growth rate continued in December 2008. Between February and July of 2008 industrial growth rate surpassed GDP growth. Following December 2008 difference in favor of GDP rose from 4.7% up to 4.8%, and in July 2008 difference in favor of industrial sector was 2.6%.