Industrial production grows by 4.4% in Armenia

YEREVAN, NOVEMBER 30, ARMENPRESS. The industrial sectors of Armenia’s economy have produced output worth 1trillion 62 billion 999.7 million drams (nearly $2 billion 201.7 million) during the period of January-October of 2015, which is an increase of 4.6% compared to the same period of the previous year.

As “Armenpress” was informed from the National Statistical Service of the Republic of Armenia, the highest growth, 42.7%, was recorded in the sphere of quarrying and mining industry the output of which was worth 181 billion 912.7 million drams during the first 10 months of 2015. The output of process industrydeclined by 4.2%, reaching 672 billion 385.9 million drams. This sector covered 63.3% of the entire industrial sector.

In contrast to process industry, communal infrastructures have recorded positive progress: the output of electricity, gas and stream was worth 191 billion 458.9 million drams during the same period which is a rise of 3.7%.