Economic Activity Index grows 10,9% in January-February

YEREVAN, FEBRUARY 27, ARMENPRESS. Armenia’s economic activity index grew 10,9% in January and February of 2023 compared to the same period of 2022, according to official data released by the Statistical Committee.

Industrial output in the two months of 2023 grew 1% compared to the same period of the previous year. Construction grew 13,2%.

Trade turnover increased 18% while services increased 23.5%.

The Consumer Price Index grew 8,1%. Meanwhile, the Industrial Product Price Index grew 0,8%.

Electrical energy production dropped 0,2%.

A 77,7% growth was recorded in the foreign trade volumes compared to the same two months of last year. Exports and imports grew 96,4% and 67,4% respectively.