Wednesday, August 5 2020 18:38
Alina Hovhannisyan

Armenian industrial sector slows down its y-o-y growth rate

Armenian industrial sector slows down its y-o-y growth rate

ArmInfo.  In Armenia the volume  of industrial production in the H1 of 2020 increased by 1.5% against  the same period of 2019 (against 6.9% growth a year earlier),  amounting to 896 billion drams ($ 1.8 billion). According to the  Statistical Committee of the Republic of Armenia, the slowdown in the  growth of the industrial sector is due to the change in the trend of  the manufacturing industry from an upward to a downward one, while  the growth of the mining sector continued. Moreover, in June of this  year, industrial volumes increased by 6.3% (against a 2.4% decline in  June 2019), amounting to 160.3 billion drams ($ 333.2 million).

In the H1 of 2020 against the same period of 2019 in the mining  industry and open pit development, an increase of 24.3% was  registered (against 6.8% growth a year earlier) with the provision of  volume in 181.5 billion drams. In June alone, the mining sector  showed an increase of 2.2% to 33.8 billion drams. The volume of the  manufacturing industry decreased in the H1 of this year by 3.6% per  annum (against growth by 8.7% a year earlier), amounting to 578.3  billion drams, of which 107.2 billion drams fell in June, with a  monthly growth of 7.7%.

Moreover, in the manufacturing industry, a significant drop in  volumes in the H1 of 2020 was recorded in the production of textile  products (by 32.2% y-o-y), machines and mechanisms (by 30.8%),  computers, electrical and optical equipment (by 28%) , cigarettes (by  22.6%), printing activity (by 22.5%), rubber and plastic products (by  14.4%).

A high growth is recorded in the production of finished metal  products (by 53.9% y-o-y), jewelry (by 33.4%), furniture (by 33.2%),  the chemical industry (by 19.1%), pharmaceuticals ( by 16.2%).  In  the manufacturing industry, the leaders in terms of production are  food (196.7 billion drams), basic metals (93.6 billion), cigarettes  (70.1 billion), beverages (69.7 billion) and other metal products  (28.1 billion).

The supply of electricity, gas, steam and conditioned air decreased  in the H1 of 2020 to the same period of 2019 by 0.5% (against a  decline of 0.3% a year earlier) - to 126 billion drams. In June  alone, an increase of 4.3% was recorded to 17.4 billion drams.

At the same time, the generation, transmission and distribution of  electricity in the H1 of the year decreased by 2% per annum, and only  in June - by 21.4%. At the same time, gas production, distribution of  gaseous fuels through gas supply systems increased by 7.2%, while in  June alone, on the contrary, decreased by 5.6%. Revenues from water  supply, waste treatment and treatment, and the production of  secondary raw materials decreased in the H1 of the year by 20.9% per  annum (against 2.7% growth a year earlier) - to 10.1 billion drams,  with an increase of 15.5% in June alone - up to 1.8 billion drams.  Moreover, the decline in this segment was mainly due to the  collection, processing and disposal of waste, the receipt of  secondary raw materials - by 73% per annum.

The average calculated exchange rate for the dram was 481.27 AMD / $  1 in June 2020, and 483.50 AMD / $ 1 in the first half of 2020.

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10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

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482,00

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