OREANDA-NEWS. Azerbaijan’s industrial production dropped by 4.8% in June 2013 compared to the index of May.

The State Statistics Committee informs that for Jan-June 2013 country’s industrial production totaled AZN 16.889 bn (USD 21.530 bn on average exchange rate of AZN 0.7845 to the US dollar) that is by 0.3% less versus the Jan-June 2012 index.

This May volume of industrial production made up AZN 2.87 bn versus AZN 2.7 bn in April and AZN 3.006 bn in January (still the best index for 2013). The annual growth of industrial production was recorded in 2013 for the first time.

In June the volume of industrial production made AZN 2.737 bn against AZN 2.874 bn in May and AZN 30.066 bn in January (the year’s best index still). In the 2nd quarter the figure (AZN 8.336 bn) still makes up 97.5% of the level for 1st quarter (AZN 8.55 bn).

For Jan-June 2013 the share of state sector in overall industrial manufacture reached AZN 3.319 bn (rise of 6.7%) and the share of non-state sector AZN 13.567 bn with a decline of 1.1%. The state sector accounted for only 19.7% of total industrial production and the non-state sector 80.3%.

Production in the extracting industry for Jan-June (AZN 12.506 bn) was 74% of total industrial production, in the processing sector (AZN 3.357bn) 19.9%, in the electricity and gas sector – AZN 922.6 million or 55%, and the remaining volume (AZN 100.6 million or 0.6%) in water supply, wastewater treatment and solid waste management. The decline in the mining industry made up 0.9%, the growth in manufacturing - 9%, in the electricity and gas sector – 0%, water supply and waste disposal 6.3%.

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. For Jan-June 2013 GDP grew by 5% against 0.3% fall in the industrial sector.