Armenia`s industrial sector slowly recovers from coronavirus crisis

ArmInfo. In January-April 2021, the industrial sector of Armenia showed insignificant growth due to the continuing decline in the manufacturing industry since the  outbreak of the pandemic. According to the data of the Statistical  Committee, during the reporting period, the industrial sector of  Armenia increased its volumes by 0.9% (against 4.2% growth in the  previous year), providing the volume of 650.8 billion drams (over $  1.2 billion). In April alone, the industrial sector showed an  increase of 2.1% - up to 180.4 billion drams ($ 343.2 million).

According to the source, a slowdown in y-o-y growth from 27.1% to  8.8% was recorded in the mining industry and open pit development,  with a volume of 180.3 billion drams secured. And in April alone, the  mining industry showed an increase of 5.1% - up to 50.8 billion  drams.

In January-April 2021 decreased, manufacturing industry volume on a  y-o-y terms by 3.9% (against growth by 1.7% a year earlier),  amounting to 365.9 billion drams. At the same time, the manufacturing  sector showed a 7.9% increase in volumes over the month - up to 107.8  billion drams.

In particular, according to statistics, during the reporting period,  the most declined were the production of jewelry (by 71.3%), printing  activity (by 65.5%), finished metal products (by 42.5%), chemical  industry (by 24.5%). %), cigarettes (by 17.5%), basic metals (by  11.9%).

At the same time, significant growth was demonstrated by the  production of electronic equipment ( 3.5- fold, products of the  textile industry (3.1-fold), machinery and equipment ( 3-fold),  computers, electronic and optical equipment (by 87.3%), production of  clothing (by 75%), rubber and plastic products (by 30.1%), other  non-metallic products (by 29.1%).

In the manufacturing sector, the leaders in terms of production are  food (133 billion drams), beverages (51.3 billion drams), base metals  (50.2 billion drams), cigarettes (38.6 billion drams).  

According to statistics, in January-April 2021, the supply of  electricity, gas, steam and conditioned air as a whole increased  against the same period of 2020 by 9.7% (against 5.9% growth a year  earlier), amounting to 97.7 billion drams, with monthly decline by  24.9% - up to 19.9 billion drams. Moreover, generation, transmission  and distribution of electricity for the reporting period increased by  10.6% per annum, while gas production, distribution of gaseous fuel  through gas supply systems increased by 5.8%.  

Revenues from water supply, waste treatment and processing and  production of secondary raw materials for the reporting period  increased by 2.8% per annum (against 19.2% decline a year earlier),  amounting to 6.7 billion drams. On a monthly terms, this segment  showed an increase of 4% - up to 1.7 billion drams.  

Moreover, the upward annual dynamics in this segment was mainly due  to the collection, treatment and distribution of water (an increase  of 4.1%).