ArmInfo. The volume of Armenia's industrial production in January 2018 by the same period of 2017 increased by 13.9% (against growth of 12.2% a year earlier), making 128.3 billion AMD ($ 265.8 million). According to the National Statistical Service of Armenia, the growth of the industrial sector is due to the improvement in the dynamics of the mining sector from a decline in growth and the acceleration in the growth rate of the manufacturing industry.
Thus, in January 2018, by the same period in 2017, the mining industry and the development of open pits recorded an increase of 9.8% (against a decline of 2.8% a year earlier) to 29.4 billion drams. The volume of manufacturing in January 2018 increased by an annualized rate of 27.8% (against growth of 19.4% a year earlier) to 69.1 billion AMD.
Moreover, in the manufacturing industry, a significant subsidence in January 2018 by January 2017 was recorded in the production of beverages (a 15.2% decline) and printing and replicating of recorded media (a 32.6% decline). At that, the significant growth was recorded in the production of other non-metallic mineral products (4.3 times), machinery equipment (4 times), chemical products (2.6 times), furniture (2.5 times), clothing (2, 3 times). In the processing industry, the main metals (18.1bln AMD), food products (17.3bln AMD) and cigarettes (12.1bln AMD), are leading in terms of production volumes.
According to statistical data, the supply of electricity, gas, steam and air conditioning as a whole decreased in January 2018 by the same period of 2017 by 7.4% (against growth of 11.3% a year earlier) to 27.7 billion AMD. Moreover, generation, transmission and distribution Electricity in the annual section decreased by 0.3%, with a more significant decline in gas production, distribution of gaseous fuels through gas supply systems - by 28.3%. Revenues from water supply, waste treatment and processing and receipt of secondary raw materials in January 2018 increased by 4.3% per annum (against 6.8% growth a year earlier) to 2.1 billion AMD. Moreover, the growth in this segment, mainly, caused the collection, processing and disposal of waste, the receipt of secondary raw materials (annual growth of 25.9%). Recall that the volume of industrial production in Armenia in 2017 compared to 2016 grew by 12.6% (against growth of 6.7% a year earlier), amounting to 1.660 trillion AMD ($ 3.4 billion). The improvement in dynamics was reflected in the acceleration of the growth rate of the mining sector to 13.9% from 8.3% a year earlier and from the manufacturing industry to 15.7% from 7.7% a year earlier. The average calculated exchange rate of the AMD to the US dollar was 482.40 AMD / $ 1 in January 2018, compared to 486.01 AMD / $ 1 in January 2017.