Wednesday, July 7 2021 17:07

ArmInfo.The volume of industrial production in Armenia in January- May 2021, against the same period a year ago, slightly slowed down the y-o-y growth rate - from 2.4% to  2.3%, which was due to a slowdown in the growth of the mining  industry and a slowdown in the decline in manufacturing output. This  is evidenced by the data of the RA Statistical Committee.

According to statistics, for the reporting period, the volume of  industrial production in Armenia amounted to 840.7 billion drams ($  1.6 billion). In a month alone, the industrial sector of Armenia  accelerated growth from April 2.1% to May 3.4% (against 11.9% growth  in May 2020), providing the volume of up to 189.9 billion drams, with  a y-o-y growth of 7.9% (against a decline of 3.9% a year earlier).

In January-May 2021 to the same period 2020, in the mining industry  and open pit development, an increase of 8.4% to 236.9 billion drams  ($ 452.3 million) was registered, against an increase of 25.7% a year  earlier. In May of this year alone, growth in the mining industry  accelerated to 5.3% from April 5.1% , with a volume of 56.6 billion  drams (against 9.9% growth in May 2020).

At the same time, the volume of the manufacturing industry decreased  in January-May 2021 by 1.4% per annum (against a decline of 3.4% a  year earlier), amounting to 478.02 billion drams ($ 912.5 million).   In May, the volume of the manufacturing industry amounted to 112.03  billion drams, slowing down growth from 7.9% in April to 3.5% in May  (against 17.5% growth in May 2020), but at the same time, the y-o-y  dynamics changed by 9.4% decline  to 7.6% growth. 

Decrease in production volumes in the manufacturing industry in  January-May 2021 recorded in some segments. In particular, in the  production of jewelry (by 60.7%), in printing and replication of  recorded media (by 56.9%), in the production of finished metal  products (by 45.3%), cigarettes (by 17.2%). %), basic metals (by  14.3%), in the chemical industry (by 6.9%). And the growth was  observed in the production of textiles (by 3.2 times), electrical  equipment (by 3 times), machinery and equipment (by 70.9%),  computers, electronic and optical equipment (by 68.5%), clothing (by  55.1%), other non-metallic products (32%), rubber and plastic  products (28%), furniture (22.9%), beverages (13.1%), pharmaceuticals  (7.8% ), food (by 3.2%).

In the manufacturing industry, the leaders in terms of production are  food (170.9 billion drams), basic metals (67.5 billion drams),  beverages (67.2 billion drams), and cigarettes (49.7 billion drams).  

The supplies of electricity, gas, steam and conditioned air in  January-May 2021 to the same period of 2020 showed an increase of 10%  with a volume of 117.1 billion drams, and in May alone there was a  decline of 2% - to 19.4 billion drams. Including generation,  transmission and distribution of electricity in January- May  increased by 10.8% per annum (with a monthly decline of 2%), while  gas production, distribution of gaseous fuel through gas supply  systems increased by 6.3% (with decline in May by 2.2%).  

Income from water supply, waste treatment and processing and  production of secondary raw materials increased in January-May by  4.5% per annum - up to 8.6 billion drams, with an increase in May by  3.3% - up to 1.8 billion drams. Moreover, the decline (by 7.7%) in  this segment was observed only in the collection, processing and  disposal of waste, obtaining secondary raw materials.  

To note, in 2020, the industrial sector of Armenia showed a decline  of 0.9%, amounting to 2.070 trillion  drams ($ 4.2 billion), against  9% growth in 2019. The change from the upward dynamics to the  downward one was triggered mainly by the slowdown in the growth of  the mining sector and the recession in the manufacturing industry  that has been continuing since March. In particular, the growth in  the mining industry by 11.6% to 403.1 billion drams was accompanied  by a decline in the processing industry by 3.9% to 1.4 trillion  drams.