OREANDA-NEWS. April 19, 2010. The State Statistics Committee (SSC) informs that for Jan-Mar of the year country’s industrial output reached AZN 7.1 bn (USD8.926 bn in accord with average exchange rate of AZN 0.8 to the US dollar) that is by 5.6% more versus Jan-Mar 2009.

This March industrial production reached only AZN 2.48 bn against AZN 2.117 bn in February and AZN 2.543 bn in January of the year. Last December’s industrial production reached AZN 2.4 bn that became the best monthly index. In 2009, the indicator was AZN 22.2 bn (USD 27.75 bn).

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

For Jan-Mar 2010, industrial production in the state sector made AZN 1.309 bn with year-on-year rise of 4.7% and AZN 5.83 bn with growth by 5.8% - in non-state sector.

For Jan-Mar of the year production in extracting industry made AZN 5.5 bn or 77.2% of entire industrial output, processing industry AZN 1.19 bn or 16.7%, energy and gas sector AZN 406.7 bn or 5.7% and the rest volume, which totaled AZN 29.9 bn or 0.4%, fell on the share of water supply, sewage treatment and utilization of hard waste.

Production in extracting industry rose by 6.2% and 7.7% in processing industry, fell by 2.5% in energy and gas sectors, increased by 1.7% in watersupply and waste utilization.

This March tendency of Feb-Jul 2008 and Jan-Feb 2010 when industrial output rise surpassed GDP (+5.4% following the results of past month) continued.

In 2009, industrial sector lagged by 0.7% from country’s GDP dynamics that growth by 9.3% was observed in comparable prices.