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Economic activity in Armenia rises 9.7% in Jan-Apr 2018

21.05.2018, 13:11
Armenia’s economic activity index rose 9.7% in Jan-Apr 2018, compared with the same period a year before, the National Statistical Committee reports.

Economic activity in Armenia rises 9.7% in Jan-Apr 2018
YEREVAN, May 21. /ARKA/. Armenia’s economic activity index rose 9.7% in Jan-Apr 2018, compared with the same period a year before, the National Statistical Committee reports. 

Economic activity showed a 7.4% and an 11% year-on-year growth in April and in March respectively.  

The country’s industrial output amounted to around AMD 522.1 billion in Jan-Apr 2018 showing a5.2% year-on-year growth, the services sector accounted for AMD 487.1 billion and a 17.6% growth, domestic trade turnover has grown 10.3% to AMD 787.5 billion, construction 21.8% to AMD 64.7 billion and gross agriculture product 2.2% to AMD 129.4 billion. 

A 2.4% year-on-year inflation was recorded in the country in April 2018. 

Foreign trade turnover amounted to $2 221.8 million in Jan-Apr accounting for a 31.2% year-on-year growth. 

In the government budget for 2018 economic growth is projected at 4.5%. ($1 – AMD 483.26). --0---