Georgia boosts industrial output 12.5% in H1
TBILISI. Sept 4 (Interfax) - Georgian industrial output grew 12.5% year-on-year in January-June 2014 to 3.468 billion lari ($1.993 billion at the current exchange rate), the National Statistics Service reported.
In Q2 2014 industrial production was 1.811 billion lari, which is 9.3% more than in Q1 2014 and 9.6% more than in Q2 2013.
Mining industry companies saw industrial output drop 11.2% year-on-year in the first half of 2014 to 122.1 million lari. For manufacturing companies, output climbed 13.9% to 2.773 billion lari. Production and distribution of electricity, gas and water grew 12.2% to 572.9 million lari.
Industrial companies posted turnover of 4.028 billion lari, up 13% on the first half of 2013. Turnover was down 5.9% to 135.6 million lari for mining industry companies and up 14.5% to 2.922 billion lari for manufacturing companies. Turnover went up by 11.6% to 970.7 million lari in the production and distribution of electricity, gas and water.
Sales of industrial goods and services grew 13.2% to 2.711 billion lari.
Georgia had 106,800 people employed in industry at the start of July 2014, 4.2% down on the previous year. Average monthly salaries increased 9.5%, or by 71.9 lari, to 827.7 lari.
Industrial output in value terms climbed 7.6% in 2013 to 7.019 billion lari.
The official exchange rate on September 4 stood at 1.7402 lari/$1.
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