Time in Yerevan: 11:07,   16 April 2024

Armenia’s economic activity rises by 1.6%

Armenia’s economic activity rises by 1.6%

YEREVAN, OCTOBER 20, ARMENPRESS. The Armenian economic activity index for January-September 2016 surpassed the index of the same period of the previous year by 1.6%. The index rose by 7% in September 2016 compared to August. “Armenpress” reports, the National Statistical Service of the Republic of Armenia has introduced the current-operative preliminary main macro-economic indicators characterizing the socio-economic situation of Armenia.

Construction and trade turnover, electricity production have dropped. Consumer price index dropped by 1.6%, index of the price of industrial production declined by 0.1 %. Construction volume decreased by 9.3% compared to the same period of the previous year. There is a 6.5% decrease in electricity production. Service volume (trade excluded) rose by 8.1% and the gross agricultural production decreased by 2.6% in 2016.

In the period of January-September 2016, trade turnover declined by 0.1% compared to the same period of 2015 and amounted 1 trillion 365 billion and 001.5 million AMD. Industrial production volume grew by 7.1% amounting 1 trillion 028 billion 005.3 million AMD.

Average monthly wage increased by 2.2% (185 thousand 270 drams). This is when average monthly wage in the public sector decreased by 0.7% (160 thousand 688 drams).

External trade turnover volumes grew by 5.7% (3 billion 588.1 million USD) against January-September 2015, while exports increased by 19.6% (1 billion 293.1 million USD) and imports decreased by 0.8% (2 billion 295 million USD). US exchange rate against the dram was 481.03.

All absolute rates are presented based on current prices.

 








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