Armenia’s economic activity index in January February 2014 grew by 2.4 % year-on-year

Armenia’s economic activity index in January February 2014 grew by 2.4 % year-on-year

YEREVAN, March 20. / ARKA /. Armenia's economic activity index in January-February 2014 grew by 2.4 % when compared with January-February 2013, the National Statistical Service (NSS) said.

According to NSS, consumer prices in January- February 2014 rose by 5.1 percent compared with the same period last year, while manufacturers’ prices also increased by 5.1%.

The industrial output in the first two months was 4.1 percent lower from the year before standing at 175.7 billion drams.

Agricultural output was almost 5 percent higher at 39.7 billion drams, construction grew by 1.2 percent to 18.6 billion drams, and domestic trade rose by 4.4 percent to 277.5 billion drams and services upped by 3.8 percent to 152.7 billion drams.

Foreign trade in January- February was almost 6 percent down from the first two months of 2013 at $819.3 million.

The government projection of inflation for this year is 4% (± 1.5%). It also expects the GDP to grow by 5.2%. -0 -

13:25 20.03.2014

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