Armenia’s economic activity index grew by 6.8% in seven months

 Armenia’s economic activity index grew by 6.8% in January-July 2019 compared to January-July 2018, according to the data published by the National Statistical Committee.

In particular, the industrial production volume recorded a significant growth, 8.4%. Construction volume rose by 4.5% in January-July 2019, the volume of service – 15.2% and the trade turnover – 8.9%.

In January-July 2019 consumer price index increased by 1.9%. Industrial production prices index remained unchanged, and the electricity production declined by 5%.

Average monthly nominal salary increased by 5.9%, comprising 178 thousand 325 drams.

2.3% growth was registered in external trade turnover volumes. In addition, export grew by 3% and import by 1.9%.

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