YEREVAN, FEBRUARY 27, ARMENPRESS. Armenia’s economic activity index grew 10,5% in January 2023 compared to January 2022, according to official data released by the Statistical Committee. However, the index dropped 46,1% compared to December of 2022.

Industrial output grew 1,4% in January 2023 compared to the same period of the previous year. Construction grew 12,2%.

Trade turnover increased 17,7% while services increased 25,9% in the reporting period.

The Consumer Price Index grew 8,1%. Meanwhile, the Industrial Product Price Index grew 1,6%.

Electrical energy production dropped 1,5%.

In January 2023, a 93,8% growth was recorded in the foreign trade volumes compared to the same month of last year. Exports grew 2,3 times while imports grew 72,5%.