Armenian economic growth in January-May driven by stronger activity in construction and services

YEREVAN, July 28. /ARKA/. Growth in Armenia's economic activity reached 10.4 percent (yoy) in May, up from 5.4 percent (yoy) in April, according to World Bank’s Armenia monthly economic update – July 2025 .

Cumulative growth over the January-May period rose to 5.7 percent (yoy). Faster growth in May was driven by stronger activity in construction (up to 22.2 percent, yoy) and in services excluding trade,(10.8 percent growth, yoy, in May, compared with 5.6 percent, yoy, in April). Industry continued to contract, down 5.9 percent (yoy), but less than in April, as growth in the mining sector picked up to 17.9 percent (yoy). Contraction in manufacturing also continued, down13.5 percent (yoy); this was due to a fall of 9 percent (yoy) in alcoholic beverages production and some 70 percent contraction in base metal production (following 2024’s exceptionally high output). Monthly business registrations continued to fall in May (6.9 percent, yoy), due to a 7.6 percent (yoy) decline in individual entrepreneur registrations and a 4.7 percent (yoy) decline in LLCs