OREANDA-NEWS. Azerbaijan’s industrial production grew by 3.76% in January 2013 compared to December’s index.

The State Statistics Committee informs that for January 2013 country’s industrial production totaled AZN 3.006 bn (USD 3.8 bn on average exchange rate of AZN 0.7844 to the US dollar) that is by 0.1% less versus the January 2012 index.

In January 2012 volume of industrial production made up AZN 2.897 bn versus AZN 2.486 bn in November. The March level (AZN 3.36 bn) remained the best in 2012. The record for the entire history was recorded in October (AZN 4.797 bn). For comparison, in 2011 industrial production in the state sector made up AZN 34.545 bn declined by 5%.

In January 2013 the share of state sector in overall industrial manufacture reached AZN 631.8 million (rise of 10.8%) and the share of non-state sector AZN 2.37 bn with a decline of 2.3%.

The state sector accounted for only 21% of total industrial production and the non-state sector 79%.

Production in the extracting industry in January (AZN 2.28 bn) was 75.9% of total industrial production, in the processing sector (AZN 526.469 million) 17.5%, in the electricity and gas sector – AZN 186.26 million or 6.2%, and the remaining volume (AZN 12.666 million or 0.4%) in water supply, wastewater treatment and solid waste management. The decline in the mining industry made up 1.8%, the growth in manufacturing - 13.8%, in the electricity and gas sector - 2.8%, decline in water supply and waste disposal 1.6%.

For 2012 country’s industrial production totaled AZN 33.929 bn that was by 2.3% less versus the 2011 index. In December 2012 volume of industrial production made up AZN 2.897 bn versus AZN 2.486 bn in November. The March level (AZN 3.36 bn) remained the best in 2012. The record for the entire history was recorded in October (AZN 4.797 bn).

In 2013, as well as following 2010-12, the trend when industrial output rise lagged from general growth of GDP continued. In January 2013 GDP grew by 2.8% against 0.1% fall in the industrial sector.