In January-October of 2024, the value of goods produced and services rendered in the industry in Baku city amounted to 44.4 billion manats (just over $26.1 billion), which is 2.6 billion manats (almost $1.53 billion) or 5.53% less year-on-year, Report informs, citing the Baku City Statistical Office.
The share of the private sector in the industry was 82.7%. In the total volume of production, the share of industrial products was 93%, while the industrial services' share was 7%.
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 216.2 million manats ($127.1 million) in their storages as of November 1, 2024.