Industrial sector of Armenia in January 2018 increased volumes by 13.9% per annum

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.