In Jan-Nov 2016 economic activity growth in Armenia slackened to 0.6%

ArmInfo. In Jan-Nov 2016, the  economic activity growth in Armenia slackened to 0.6% (from 2.9% in  Jan-Nov 2015), with services and industry remaining the drivers of  economy. By the preliminary data of the National Statistics Service  of Armenia, in November 2016 economic activity dropped by 5% (up 2.3%  versus Nov 2015). 

In Jan-Nov 2016, services grew by 7.8% versus Jan-Nov 2015, and  industry - by 6.8% versus Jan-Nov 2015 (up 3% and 4.6% respectively a  year before). Trade increased by 0.3% (down 7.1% a year before).   Agriculture dropped by 6.1%, power engineering - by 6.4%, and  construction - by 10.9%. 

The consumer price index grew by 1% in Jan-Nov 2016 versus Jan-Nov  2015. In November 2016, the indicator rose by 6.9% versus Nov 2015,  and by 1.8% versus October 2016.  

In November 2016 construction grew by 12.4%, industry - by 5.7%,  power engineering - by 4.7%, while the other sectors demonstrated  negative dynamics: agriculture dropped by 24.4%, trade - by 1.6%,  services - by 5%. 

A compared to November 2015, construction and power engineering fell  by 17.5% and 7.4% respectively, while the other sectors demonstrated  positive dynamics: industry grew by 8.8%, services - by 8.7%,  agriculture - 6.3%, and trade - by 3.8%. 

In Jan-Nov 2016, trade took the lead in absolute terms - 1.9 trillion  AMD ($4.05 bln). The following sectors ranked next: industry - 1.3  trillion AMD ($2.7 bln), services - 1.1 trillion AMD ($2.4 bln),  agriculture - 836.1 bln AMD ($1.7 bln), construction - 320.2 bln AMD  ($666.6 mln). In Jan-Nov 2016, the electricity output in Armenia made  up 6614.6 mln kWh, including 623.2 mln kWh in November alone.

In Jan-Nov 2016, the foreign trade turnover of Armenia totaled 2195.9  bln AMD ($4576.3 mln), with an 8% year-over-year growth. Exports grew  by 21.2% to 778.1 bln AMD ($1621.7 mln), and imports - by 2% to  1417.8 bln AMD ($2954.6 mln). 

The average AMD/USD exchange rate was 478.52 AMD/1USD in November  2016, and 480.27 AMD/1USD in Jan-Nov 2016 (versus 480.15 AMD/$1 in  Nov 2015 and 477.46 AMD/$1 in Jan-Nov 2015).