Azerbaijan, Baku, August 14 /Trend E. Aliyev /
According to the results of monitoring of Azerbaijani economy's real sector conducted by the Central Bank of Azerbaijan (CBA), the Business Confidence Index (BCI) in the country in the first six months of 2013 improved.
This was stated in a monetary policy report published on CBA's site on Monday.
"The reason for improving of BCI was the growth of industrial production and sales in the trade. At the same time, the monitoring results showed optimistic expectations for economic activity," the statement said.
According to the CBA, the Business Confidence Index in the industry was 13.2 percent in the first half of 2013, increasing by 2.9 percent, compared to the same period in 2012.
The BCI in trade in January-June 2013 also showed an impressive growth: it increased by 4.3 percent compared to the same period of 2012, amounting to 10.3 percent.
"Positive expectations in the food industry, production of building materials, weaving industry as well as trading of furniture and household appliances was observed in Azerbaijan. This also affected the reduction of stocks of unsold products. Overall, the results of the real sector's monitoring demonstrate a stable increase in the number of enterprises that show growth in production and sales," CBA's report said.