ArmInfo. In the first half of 2016, industrial produce in Armenia grew 8.9% year over year (versus 5.1% growth a year ago) to 659.7bln drams ($1.4bln). The improved
mining sector and the manufacturing industry (growth after decline) speeded up the growth of the industrial production. According to the National Statistical Service of Armenia, in June 2016, the industrial productions increased 8.9% (versus 8.1% in June 2015) to 126.2bln drams.
In Jan-Jun 2016 versus the same period of 2015, mining industry and open pit mining increased 18.8% (versus 34.8% a year ago) to 122.2bln drams. In June alone, the mining industry output totaled 23.5bln drams with a 14.6% growth y-o-y. Manufacturing industry increased 5.1% y-o-y (vs 2.1% decline a year ago) to 394.5bln drams, of which 83.5bln drams - in June.
Production of non-metallic ore fell 29.9% for the first half of 2016, finished metal products fell 17%, basic metals - 13.1% and vehicles and equipment - 10.2%. Jewelry production increased 2.7-fold, furniture - 48.5%, clothing - 37.5%, cigarettes - 21.1%. In the manufacturing sector, production of foodstuffs totaled 133.9bln drams, basic metals - 68.2bln drams, cigarettes - 59bln drams, drinks - 49.4bln drams, and jewelry - 16.7bln drams.
Supply of electric power, gas, steam and conditioned air increased 11.4% year over year (vs 3.5% a year ago) to 132.4bln drams. In June, this indicator fell 1% to 17.4bln drams.
The revenues from water supply, waste disposal and recycling grew 8.2% (vs 9.6% a year ago) to 10.6 bln AMD (up 3.1% in June alone to 1.8 bln AMD).
The average AMD/USD exchange rate was 477.53 AMD/$1 in June 2016 and 483.86 AMD/$1 in Jan-Jun 2016 versus 475.12 AMD/$1 in June 2015 and 476.87 AMD/$1 in Jan-Jun 2015.