Central Bank: Last year, country saw an increase on index of economic activity

12:22 - 15.04.2024


April 15, Fineko/abc.az. In general, there was a significant increase in the economic activity index during 2023.

ABC.AZ reports that according to the Central Bank, in the first quarter of 2024, the angle of inclination of the growth rate changed and turned out to be higher than in previous years.

In March, the index of economic activity rose to a historic high.

The index of economic activity in the 1st quarter of 2024 grew by 7.3% compared with March of 2023.

In the 1st quarter of 2024, an increase in the activity index was recorded for all the main expenditure components of GDP — consumption, investment, exports and public procurement — compared with the final indicator of the last quarter of 2023. The activity index for these components has reached a historical maximum.

The highest growth was recorded in the investment component (+14.6%).