Friday, August 3 2018 00:20
Alina Hovhannisyan

Armenia`s trade sector slowed down in the first half of 2018 due to  retail stagnation

Armenia`s trade sector slowed down in the first half of 2018 due to  retail stagnation

ArmInfo. In the first half of 2018, Armenia's trade sector slowed down its annual growth rate from 12.6% to 9.1%, providing a volume of 1.3 trillion. ($ 2.6 billion),  of which 234.6 billion drams ($ 486 million) - only in June, with a  monthly growth of 3.8%. According to the National Statistical Service  of Armenia, this dynamics was provoked by the stagnation of retail  trade in parallel with the slowdown in wholesale growth.

In particular, wholesale trade in the first half of the year  demonstrated a slowdown in annual growth from 20.3% to 17.8%,  amounting to 594 billion drams ($ 1.2 billion). In June alone,  wholesale trade increased by 9.9% to 114.3 billion drams ($ 236.8  million).

Retail trade during the reporting period also slowed the growth rate  from 6.2% to 0.5%, amounting to 607.1 billion drams ($ 1.3 billion).  Only in June, retail sales decreased by 1% to 108.7 billion drams ($  225.1 million). In the structure of retail trade, the largest  turnover is provided by stores (including supermarkets) - 476.2  billion drams or 78.4% (with an annual decline of 21.6%), other  retail facilities - 78.2 billion drams or 12.9% (from the  year-on-year decline by 1.7%), after which the consumer goods markets  followed by a margin of 31.5 billion or 5.2% (with an annual decline  of 0.9%), stalls and kiosks - 13.5 billion or 2.2% with an annual  decline of 5.5%) and agricultural markets - 7.8 billion or 1.3% (with  an annual decline of 12.5%).

The volume of purchase / sale of cars in the first half of 2018, on  the contrary, accelerated the growth rate to 26.4% from 21.6% in the  same period a year earlier, to 56.6 billion drams ($ 117.4 million).  Only in June car trade reduced volumes by 5.7% to 11.6 billion drams  ($ 24 million).

In the structure of Armenia's total trade turnover, the lion's share  (48.3%) falls on retail trade, 47.2% - on wholesale, and 4.5% - on  car buying/selling.

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