Saturday, April 29 2017 14:40
Alina Hovhannisyan

In Jan-Oct 2017 industrial sector of Armenia experienced year-over-year growth from 8.9% to 16.2%

In Jan-Oct 2017 industrial sector of Armenia experienced   year-over-year growth from 8.9% to 16.2%

ArmInfo. In Jan-Oct 2017 the  industrial produce in Armenia grew 16.2% (versus 8.9$ annual growth a  year ago), totaling 361.8 bln AMD( $744.9mln).  Only for March mining  sector grew from 11.7% to 133.4 bln AMD($ 275.2mln).

According to the  National Statistical Service of Armenia, the growth of industrial  sector is based on dynamic development of processing industry at the  background of maintained growth of mining sector. 

In Jan-Oct 2017 versus the same period of 2016, mining industry and  open pit mining increased 13.8% (versus 27,7% growth a year before)  to  76.8bln AMD. In March alone, the mining industry output totaled   30bln drams with a 25% growth y-o-y. Manufacturing industry   increased 21,4% y-o-y (vs 0.5% decline a year before) to 202.2bln   drams, monthly growth from 16.2% to 79.6 bln AMD. 

In Jan-Oct 2017, chemical industry output fell by 44.8%, production  of  machines and equipment - by 5.3%, In the meantime, jewelry output  rose 2.7 -fold, production of electric  appliances - for 3 times,  beverages-43.6%,  printed products - by 37.1%, pharmaceuticals 32.4%,  base metal products 32.2%.  In the manufacturing industry segment,  food output  made up 59bln  AMD, base metals - 41.2 bln AMD,  cigarettes - 32.1bln  AMD, and beverages - 28.1 bln AMD.

The supply of electric power, gas, steam and conditioned air   increased by 6.9% in Jan- Oct 2017 versus Jan-Oct 2016 (vs 18% rise   a year before) to 76.8bln drams. 

In Jan-Oct 2016, the revenues from water supply, waste disposal and   recycling grew 8.8% (vs 9.3% growth a year before) to 5.9 bln.

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