Thursday, January 14 2021 14:34
Alina Hovhannisyan

Armenia`s industrial sector is in decline

Armenia`s industrial sector is in decline

ArmInfo.The industrial sector of Armenia reduced production volumes in January-November 2020 by 0.2% (against an increase of 9.3% a year earlier), amounting to  1.8 trillion drams ($ 3.7 billion). According to the data of the  Statistical Committee of the Republic of Armenia, such dynamics is  due to the worsening trend in the manufacturing- from growth to  decline, and a slowdown in the y-o-y growth rates of the mining  sector.

However, in November 2020 alone industrial production in Armenia  demonstrated an increase of 4%, providing a volume of 204.3 billion  drams ($ 408.9 million). This was observed against the background of  a monthly decline in the mining sector by 3.5%, while the  manufacturing industry grew by 4.6%.  According to the source, in  January-November 2020 versus the same period of 2019 in the mining  industry and the development of open pits, an increase of 12.7% was  recorded (against an increase of 23.9% a year earlier) - up to 363.2  billion drams, of which 36.1 billion were registered in November.   The volume of the manufacturing industry decreased in  January-November by 3.4% per annum (against an increase of 8.2% a  year earlier), amounting to 1.2 trillion drams, of which 143.5  billion drams fell on November.

In the manufacturing industry, a decline in volumes in  January-November 2020 was recorded in the production of textiles (by  31% per annum), printing activities (by 21.9%), cigarettes (by  19.3%), beverages (by 15.4%), jewelry products (by 9.2%), rubber and  plastic products (by 7%), computers, optical and electronic equipment  (by 5%), machinery and equipment (by 4.3%) and food (by 0.9%).  At  the same time, growth in January-November 2020 was recorded in the  production of finished metal products (by 27.5% per annum),  electronic equipment (by 26.8%), pharmaceuticals (by 25.3%),  furniture (by 16.8%), chemical industry (by 16.5%), basic metals (by  10.1%), other non-metallic mineral products (by 8%) and clothing (by  7.1%).

In the manufacturing industry, the leaders in terms of production are  food (446.1 billion drams), basic metals (177.7 billion drams),  beverages (142.7 billion drams), cigarettes (137 billion drams).   According to statistics, the supply of electricity, gas, steam and  air-conditioned air as a whole increased in January-November 2020 by  0.4% against the same period of 2019 (against a decline of 0.9% a  year earlier) - to 231.5 billion drams. In November alone, an  increase of 13.1% was recorded- up to 22.9 billion drams.  Moreover,  generation, transmission and distribution of electricity in  January-November demonstrated an increase of 0.3% per annum, while  gas production, distribution of gaseous fuel through gas supply  systems increased by 1.1% per annum.

Revenues from water supply, waste treatment and processing and  production of secondary raw materials decreased in January-November  by 14.4% per annum (against 2.1% decline a year earlier) - to 19.7  billion drams, with a decline of 4.1% in November- up to 1.8 billion  drams. Moreover, the downward trend in this segment was mainly due to  the collection, processing and disposal of waste, the receipt of  secondary raw materials, with a y-o-y decline of 62.8%.

To note, the average settlement rate of the dram to the US dollar was  AMD 499.62 / $ 1 in November 2020, and AMD 486.29 / $ 1 in  January-November 2020, against AMD 477.08 / $ 1 in November 2019 and  480.65 AMD / $ 1 in January-November 2019.


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000