In January-September of 2024, the value of goods produced and services rendered in the industry in Baku city amounted to 39.8 billion manats ($23.41 billion), which is 5.4 billion manats ($3.17 billion) or 11.9% less year-on-year, Report informs, citing the Baku City Statistical Office.
The share of the private sector in the industry was 82.6%. In the total volume of production, the share of industrial products was 89.9%, while the industrial services' share was 10.1%.
The majority of the manufactured products were sent to consumers, and considering the inventories created in previous periods, industrial enterprises had a ready-made product inventory worth 494.2 million manats ($289.5 million) in their storages as of October 1, 2024.
Baku's share in industrial goods produced and services provided in Azerbaijan was 83.3%.