Trade balance heavily favours Beijing.
Fitch Solutions projects Azerbaijan’s economy will grow by 2.9% annually until 2023, up from an average of 1.7% during 2012-2022.
Broader trend of strengthening demand remains intact. Inflationary pressures remain within manageable levels.
Index ends year at historic high with unmatched gains in production volumes and new orders.
Fresh improvement in underlying trends. Cost pressures remained subdued. New hiring sustained but job creation growth only marginal.
Situation, however, clouded by logistical problems, rising raw material and supply costs and significant depreciation of national currency.
Lower demand experienced, but market participants remain optimistic, expecting new contracts and investment opportunities over the next 12 months.
Demand continues to grow. Production and new orders have been in "optimistic zone" for eight straight months.