ArmInfo. In Jan-Oct 2016, the economic activity growth in Armenia slackened to 0.4% from 3.5% in Jan-Oct 2015. Services and industry remained the driving force of economic activity. According to the preliminary data of the Armenian National Statistical Service, in October alone economic activity dropped by 18.7% (down 7.8% versus Oct 2015).
In Jan-Oct 2016, services grew by 7.7%, and industry - by 6.5% versus Jan-Oct 2015. In the meantime, trade dropped by 0.1%, agriculture - by 7.3%, power engineering - 6.3%, construction - by 9.8%.
In Jan-Oct 2016, the consumer price index rose by 0.5% versus Jan-Oct 2015, while in October 2016 it grew by 5.8% versus Oct 2015, and dropped by 1.2% versus Sept 2016.
In October 2016 power engineering grew by 0.7% and construction - by 0.5%, while agriculture declined by 27.7%, industry - by 2.5%, trade - by 2.4%, services - by 3%.
As compared to October 2015, services grew by 4.9%, industry - by 2.4%, and industry - by 0.4%, while agriculture declined by 29.8%, construction - by 12.2%, and power engineering - by 4%.
In Jan-Oct 2016 trade amounted to 1.8 trillion AMD ($3.7 bln), industry - 1.2 trillion ($2.4 bln), services - 1.03 trillion AMD ($2.2 bln), agriculture - 757.3 bln AMD ($1.6 bln), construction - 275.6 bln AMD ($573.7 mln), electricity output totaled 5991.4 mln kWh, including 595.3 mln kWh in October alone.
At the same time, in Jan-Oct 2016 the foreign trade turnover of Armenia totaled 1952.3 bln AMD ($4067 mln), with a 6.1% year-over-year growth. Exports increased by 19.8% to 697.8 bln AMD ($1453.7 mln), and imports decreased by 0.3% to 1254.5 bln AMD ($2613.3 mln).
The average AMD/USD exchange rate made up 475.25 AMD/1USD in October 2016, and 480.45 AMD/1USD in Jan-Oct 2016, versus 472.55 AMD/$1 in October 2015 and 477.19 AMD/$1 in Jan-Oct 2015.
