Armenia’s economic activity index declines by 6.4% in 8 months

YEREVAN, SEPTEMBER 26, ARMENPRESS. Armenia’s economic activity index has declined by 6.4% in January-August against the January-August 2019, according to the data released by the National Statistical Committee.

Industrial production volume increased by 0.9%. However, the construction, trade turnover and services fields recorded a decline in the aforementioned period – 19.1%, 11.5% and 10.8% respectively.

In January-August consumer price index and industrial production price index recorded increase by 0.8% and 1.5% respectively. Electricity production increased by 1.9%. Average nominal monthly salary also increased by 4.7%, comprising 187,061 AMD.

Decline was registered in the external trade turnover volumes in January-August, by 10.2%: moreover, the export decreased by 6% and the import by 12.4%.

The decline in the economic activity is connected with the novel coronavirus (COVID-19) pandemic, which affected the economics of almost all countries of the world.

Reporting by Anna Grigoryan; Editing and Translating by Aneta Harutyunyan