Chemicals industry facing slump
A sharp decline was observed in Azerbaijan`s
chemicals industry in the first half of this year. Production
dwindled 51 percent in comparison with January-June 2008, according
to the State Statistics Committee.
The slump affected the industry particularly in March when output plummeted by up to 80 percent. The figure made up around 78 percent in April and almost 60 percent in May.
The situation somewhat stabilized in June.
As of July 1, finished produce to the tune of 24.2 million manats ($30.2 million) remained in warehouses.
The slump affected the industry particularly in March when output plummeted by up to 80 percent. The figure made up around 78 percent in April and almost 60 percent in May.
The situation somewhat stabilized in June.
As of July 1, finished produce to the tune of 24.2 million manats ($30.2 million) remained in warehouses.
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