Armenia economic activity index grows 10,4% in January-July

YEREVAN, AUGUST 25, ARMENPRESS. The economic activity index in Armenia grew 10,4% in January-July 2023 compared to the same period of 2022, according to data released by the Statistical Committee.

Industrial production volume increased 0,5%, construction grew 17,2% and trade turnover grew 23%.

Services grew 14,9%.

The consumer price index grew 3,6%, while the industrial product price index remained the same.

Electricity production dropped 3,5%.

62,6% growth was recorded in foreign trade turnover (exports grew 62,1% while imports grew 63%).