Economic activity index grows 12,5% in five months of 2023

YEREVAN, JUNE 26, ARMENPRESS. The economic activity index grew 12,5% in January-May 2023 compared to the same period of 2022, according to official data published by the Statistical Committee.

Industrial output grew 3% in the reporting period.

Construction grew 16,7%.

Trade turnover increased 24,5% while services grew 19,9%.

The consumer price index grew 5,2% and the producer price index dropped 1,6%. Electricity production dropped 3,1%.

Foreign trade turnover grew 86,9% (exports grew 93,3% while imports grew 83,3%).