Economic activity in Armenia rises 7.7% in April 2011

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Economy

31.05.2011, 23:13

Economic activity in Armenia rose 7.7% in April 2011, compared with the same month a year earlier, and 4%, compared with the previous month, National Statistical Service of Armenia reported on Tuesday.

YEREVAN, May 31. /ARKA/. Economic activity in Armenia rose 7.7% in April 2011, compared with the same month a year earlier, and 4%, compared with the previous month, National Statistical Service of Armenia reported on Tuesday.

In April 2011, the country’s construction grew 16.9%, compared with the same month a year before, but contracted by 4.2%, compared with March 2011, to AMD 23.3 billion.

Industrial output grew 11% in April 2011, compared with April 2010, but shrank 1.5%, compared with March 2011, to AMD 75 billion.

According to the statistical report, agriculture sector accounted for 0.6% year-on-year growth and 42% month-on-month growth in April 2011 (AMD 35.5 billion).

Foreign trade turnover grew 17.7% in April 2011, compared with April 2010, and 2.9%, compared with March 2011, to AMD 167.9 million or $449.4 million.

Services sector reported 9.3% year-on-year growth and 4.5% month-on-month growth in April 2011 (AMD 68.2 billion).
In the 2011 government budget, GDP growth is projected at 4.6%. ($1= AMD 377.75). -0-

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