Armenia’s economic activity index grows by 7% in January-August 2019

YEREVAN, SEPTEMBER 25, ARMENPRESS. Armenia’s economic activity index increased by 7% in January-August 2019 compared to the same period of 2018, according to the data released by the Statistical Committee.

In January-August 2019, the industrial production volume grew by 9.5%, that of the construction – 4.4%, trade turnover – 9.0% and that of the services by 15.5% as compared to the January-August of 2018.

Consumer price index increased by 1.8% and that of the industrial production prices by 0.2%.

Electricity production declined by 3.5% compared to January-August 2018.

Average monthly nominal salary increased by 5.7%, amounting to 178.659 AMD. Moreover, in the public sector the average monthly salary grew by 7.1%, and that in the private sector by 3.9%.

The growth in the external trade turnover volumes comprised 2% (4 billion 844.3 million USD). The export grew by 4.6%, comprising 1 billion 660.2 million USD, and the import by 0.7%, comprising 3 billion 184.1 million USD.

Edited and translated by Aneta Harutyunyan