Armenia`s manufacturing industry continues to sink

ArmInfo.The industrial sector of Armenia in January - February 2021 reduced production volumes by 7.9% (against 15.3% growth a year earlier), amounting to 295.2  billion drams ($565.1 million). The reversal of the trend from  ascending to descending is due to the deep subsidence of the  manufacturing industry against the background of the slowed growth of  mining production.

According to the RA statistical Committee, in February 2021г  industrial sector increase by 15.3% with software volume 157.8  billion drams ($301.5 million).

In January-February 2021г. to the same period 2020 mining industry  and the development of quarries slowed growth rates from 36.5% to the  current is 15.9%, with a volume of 81.6 billion drams. At the same  time, in February, the volume increased by 36.5% to 42 billion drams.

The volume of the manufacturing industry in January-February showed a  decline of 15.7% per annum (against 9.5% growth a year earlier),  exceeding 159 billion drams, of which 90.6 billion drams fell in  February with a monthly increase of 9.5%.

Moreover, in the manufacturing industry, the decline in volumes in  January-February 2021 was recorded in the production of jewelry (by  86%), finished metal products (by 56%), printing (by 42.4%), tobacco  (by 41.3%), chemical industry (by 30.1%), base metals (by 14.5%) and  furniture (by 5.7%).

The growth recorded in the production of electrical equipment (91%),  textiles (on 85,6%), and machinery (at 72,9%), of computer,  electronic and optical equipment (57.9%), other non-metallic mineral  products (by 24.6%).

In the manufacturing industry in terms of production lead food (57.4  billion. AMD), base metals (AMD 25.6 billion), beverages (AMD 23.3  billion), cigarettes (AMD 17 billion).

According to statistical data, the supply of electricity, gas, steam  and air-conditioned air in January-February 2021 increased by 6.5%  (against an increase of 18.6% a year earlier), amounting to 51.1  billion drams. And only in February, an increase of 18.6% was  recorded - up to 23.6 billion drams.

Moreover, the generation, transmission and distribution of  electricity in January-February increased by 7.8% per annum (with an  increase of 21% in February), while gas production, distribution of  gaseous fuel through gas supply systems increased by 2.2% (with a  decline of 26.6% in February).

Revenues from water supply, waste treatment and recycling increased  by 0.3% per annum in January-February, and decreased by 16.9% in  February alone. Moreover, the growth in this segment was mainly due  to the collection, treatment and distribution of water and the  collection and treatment of wastewater.  The average settlement rate  of the dram was 522.37 DR/$1 in January-February 2021, and 523.54  DR/$1 in February 2021, compared to 478.98 DR/$1 in January-February  2020 and 478.74 DR/$1 in February 2020.