TODAY.AZ / Business

Industrial production and services increased by 43.8%

19 June 2006 [09:15] - TODAY.AZ
Industrial products and services at the cost of 4.9 billion manats or 43.8% more in comparison with the corresponding period of last year were produced and provided in Azerbaijan's industry in January-May this year.

Crude oil production increased by 54.9%, gas extraction 34.9%, steelwork 30.8%, aluminum oxide 65.1%, ethylene 68.7% , propylene 69%, refrigerator production 15.3%, air conditioner production 3.3%, cotton production increased for two times.

Production in non-oil sector increased 9.1%. Increased production was also observed in chemical industry, metallurgy, furniture-making, food production, production of transport facilities and equipment and other non-material minerals and etc.

Goods share 94.6% and services 5.4% in industrial production. Private sector’s share in total volume of industrial products increased to 72.9 percent. Production in private enterprises increased by 64.8% and by 7.1% in state-owned enterprises.

160,000 employees were listed by the industrial enterprises in January-April, 2006, which is 5.7% more in comparison with the corresponding period of last year. Average monthly salary reached to 267 manats.

The highest average monthly salary has been registered in the mining industry, oil refinery, production of transport facilities, metallurgy as well as in other non-metal minerals production and chemical industry as usual, APA reports.


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