Armenia’s economic activity rate rises

Armenia’s economic activity index for JanuaryApril 2017 surpassed the index of the same period of the previous year by 5.7%. The National Statistical Service has introduced the current-operative preliminary main macro-economic indicators characterizing the socio-economic situation of Armenia.

Decline was registered in the construction and gross agricultural production sectors. Construction volume decreased by 13.4% compared to the same period of the previous year, and the volume of gross agricultural production decreased by 2.9%, comprising 114 billion 269.6 million AMD.

The electricity production volume increased by 4.4% in January-April 2017 compared to January-April 2016. Service volume (trade excluded) increased by 10.1% compared to January-April 2016, comprising 409 billion 32.3 million AMD.

Consumer price index increased by 0.1% in January-April 2017, and the industrial production price index increased by 3.3%.

Trade turnover increased by 12.1 % and comprised 685 billion 872.9 million AMD. The industrial production volume comprised 485 billion 494.2 million AMD, increasing by 12.9% compared to January-April 2016. Average monthly wage increased by 2.3% (187 thousand 153 AMD).

External trade turnover volumes rose by 15.1% (1 billion 689 million USD) compared to January-April 2016, moreover, the export grew up by 16.1% (608.4 million USD) and the import rose by 14.6 % (1 billion 80.6 million USD).

US exchange rate against the dram comprised 485.62 in January-April. All absolute rates are presented based on current prices.