In January-November of 2024, the value of goods produced and services rendered in the industry in Baku city amounted to 48.4 billion manats ($28.47 billion), which is 2.9 billion manats ($1.705 billion) or 5.65% less year-on-year, Report informs, citing the Baku City Statistical Office.
The share of the private sector in the industry was 83.3%. 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 392.5 million manats (almost $230.9 million) in their storages as of December 1, 2024.