ArmInfo.The volume of industrial production in Armenia in January- May 2021, against the same period a year ago, slightly slowed down the y-o-y growth rate - from 2.4% to 2.3%, which was due to a slowdown in the growth of the mining industry and a slowdown in the decline in manufacturing output. This is evidenced by the data of the RA Statistical Committee.
According to statistics, for the reporting period, the volume of industrial production in Armenia amounted to 840.7 billion drams ($ 1.6 billion). In a month alone, the industrial sector of Armenia accelerated growth from April 2.1% to May 3.4% (against 11.9% growth in May 2020), providing the volume of up to 189.9 billion drams, with a y-o-y growth of 7.9% (against a decline of 3.9% a year earlier).
In January-May 2021 to the same period 2020, in the mining industry and open pit development, an increase of 8.4% to 236.9 billion drams ($ 452.3 million) was registered, against an increase of 25.7% a year earlier. In May of this year alone, growth in the mining industry accelerated to 5.3% from April 5.1% , with a volume of 56.6 billion drams (against 9.9% growth in May 2020).
At the same time, the volume of the manufacturing industry decreased in January-May 2021 by 1.4% per annum (against a decline of 3.4% a year earlier), amounting to 478.02 billion drams ($ 912.5 million). In May, the volume of the manufacturing industry amounted to 112.03 billion drams, slowing down growth from 7.9% in April to 3.5% in May (against 17.5% growth in May 2020), but at the same time, the y-o-y dynamics changed by 9.4% decline to 7.6% growth.
Decrease in production volumes in the manufacturing industry in January-May 2021 recorded in some segments. In particular, in the production of jewelry (by 60.7%), in printing and replication of recorded media (by 56.9%), in the production of finished metal products (by 45.3%), cigarettes (by 17.2%). %), basic metals (by 14.3%), in the chemical industry (by 6.9%). And the growth was observed in the production of textiles (by 3.2 times), electrical equipment (by 3 times), machinery and equipment (by 70.9%), computers, electronic and optical equipment (by 68.5%), clothing (by 55.1%), other non-metallic products (32%), rubber and plastic products (28%), furniture (22.9%), beverages (13.1%), pharmaceuticals (7.8% ), food (by 3.2%).
In the manufacturing industry, the leaders in terms of production are food (170.9 billion drams), basic metals (67.5 billion drams), beverages (67.2 billion drams), and cigarettes (49.7 billion drams).
The supplies of electricity, gas, steam and conditioned air in January-May 2021 to the same period of 2020 showed an increase of 10% with a volume of 117.1 billion drams, and in May alone there was a decline of 2% - to 19.4 billion drams. Including generation, transmission and distribution of electricity in January- May increased by 10.8% per annum (with a monthly decline of 2%), while gas production, distribution of gaseous fuel through gas supply systems increased by 6.3% (with decline in May by 2.2%).
Income from water supply, waste treatment and processing and production of secondary raw materials increased in January-May by 4.5% per annum - up to 8.6 billion drams, with an increase in May by 3.3% - up to 1.8 billion drams. Moreover, the decline (by 7.7%) in this segment was observed only in the collection, processing and disposal of waste, obtaining secondary raw materials.
To note, in 2020, the industrial sector of Armenia showed a decline of 0.9%, amounting to 2.070 trillion drams ($ 4.2 billion), against 9% growth in 2019. The change from the upward dynamics to the downward one was triggered mainly by the slowdown in the growth of the mining sector and the recession in the manufacturing industry that has been continuing since March. In particular, the growth in the mining industry by 11.6% to 403.1 billion drams was accompanied by a decline in the processing industry by 3.9% to 1.4 trillion drams.
