In Q1 2016, industrial output in Armenia grew by 8.9% y-o-y mainly due to mining sector

 

In Jan-March 2016, 27.7% y-o-y growth to 57.5 bln AMD was registered in mining industry (the same indicator was ensured in 2015 -27.7%). In March alone 5% growth to 19.9 bln AMD was registered. In Jan-March 2016 processing industry fell by 0.5% to 167 bln AMD versus 0.6% growth in the same period of 2015. In March alone 21.4% growth to 67.1 bln AMD was registered. At the same time within the processing industry significant reduction of final metal production (40% drop), non- metal ore (37.7% drop), computers, electric and optic equipment 

(31.5% drop) and production of machinery and equipment (24.7%) was registered. High growth was registered in production of furniture (72.6%), cigarettes (51.4%), clothes (49.2%) and jewelry (41.7%).  Food industry output dropped by 5.4% y-o-y in Jan-March 2016 and 

production of base metals reduced by 21.6% y-o-y. Food products (55 bln AMD), cigarettes (32 bln), base metals (30.7 bln) and drinks (19.1 bln) are the leaders in terms of output amount in the processing industry.

 

The supplies of electric power, gas, steam, and conditioned air increased by 18% to 75.5 bln AMD in Jan-March 2016 versus 13.2% decline a year before. In March alone 11.2% growth to 22.4 bln AMD was ensured.

 

The revenues from water supply, waste disposal and recycling grew by 9.3% to 5.2 bln AMD in Jan-March amid 8% growth to 1.7 bln AMD in March alone. 

 

The average AMD/USD exchange rate was 486.33 AMD/$1 in March 2016 and 488.67 AMD/$1 in Jan-March 2016 versus 477.65 AMD/$1 in March 2015 and 477.26 AMD/$1 in Jan-March 2015.