ArmInfo. A 14.1% annual increase in economic activity was recorded in Armenia this January-September as compared with last January-September (against a 4.4% last January-September). A 14.6% increase in economic activity was recorded this September against last September (against 2.4% last year). This September alone saw an 8.9% increase in economic activity against a 1.5% this August, and 12.6% last September against 2.3% this August.
According to the RA Statistical Committee, the year-on-year increase in economic activity was mainly due to the energy, services and industrial sectors.
Inflation is rising: 8.6% this January-September against last January-September, 9.9% this September against last September (with 0.6% inflation this September alone). Lower inflation was recorded in the corresponding periods last year - 6.7% last January-September and 8.9% last September against September 2020 (with 0.1% deflation in September alone).
This January-September, the services sector accounts for 27.1% in the economic activity growth, the energy sector's share being 16.9%, followed by the trade sector (14.5%), construction (14.3%), industry (10%). The agricultural sector showed a 0.7% decline.
Last January-September, the energy sector recorded a 2.7% decline, agricultural sector, a 1.5% decline. The other sectors recorded moderate growth: the construction sector (6.4%), trade (6.4%), services sector (5.4%), industrial sector (0.7%).
This January-September, the index of prices for industrial products showed a 4.1% rise as compared with the corresponding period last year, with a 3.3% decline this September against last September, and a 2.9% rise this September against a 1.8% decline this August. Last January-September saw a 9.8% rise in the index of prices for industrial products against the corresponding period last year, with a 9.9% rise last September against September 2020, with a 2.7% rise last September against 0.4% decline last August.
This September, the construction sector recorded an 8.8% growth (against 26.5% this August), followed by the services sector (4.7% growth against a 3.3% decline), with the other sectors showing growth: the construction sector (10.1% growth against 27.8% growth last August), industry (5.9% growth against 0.6% growth last August), services sector (3.4% growth against 1% growth this August), trade (1.6% growth against 0.2% growth last August).
This September against last September, all the sectors showed an upward trend, with the energy and industrial sectors showing a two-digit growth against the previous decline. Specifically, the energy sector recorded a 19.3% growth, with the industrial sector recording 14.8%, followed by the services sector (26.3%), trade (20.7%), construction (14.6%).
Last September against September 2020, the services sector recorded a 9.6% growth (against an 18.3% decline the previous year), followed by the trade sector (1.4% against a 10.8% the previous year), construction (2.6% against 0.6%), with the energy and industrial sectors recording a decline - 2.9% and 1.2% respectively (against a 1.7% decline in the energy sector and a 1.8% decline in the industrial sector the previous year).
This January-September, in absolute terms, the trade sector was the leader - AMD 3,02bln ($6.7bln), followed by the industrial sector (AMD 1,900bln or $4.2bln), services sector (AMD 1,800bln or $4.1bln), agricultural sector (AMD 672.8bln or $1.5bln), construction (AMD 300.2bln or $669.6mln). This January- September, the electric energy output totaled 6,524.2mln kwh, with 656.6mln kwh this September alone.
This January-September, Armenia's foreign trade turnover totaled AMD 4,100bln ($9.3bln) - a 62.5% year-on-year growth against a 12.2% growth the previous year. The shares of exports and imports in Armenia's foreign trade were 63.8% and 61.6% respectively (against 17.2% and 9.4% respectively the previous year) - up to AMD 1,500bln and AMD 2,600bln ($3.5bln and $5.8bln respectively).
This September alone saw a 1.9% growth in Armenia's foreign trade turnover due to stagnant imports a 2.9% growth in exports. This August saw an 18.3% growth due to an 18.2% growth in exports and an 18.4% growth in imports.
This September against last September, Armenia's foreign trade turnover recorded a 2-fold growth, with a 2.5-fold growth in exports and an 82.2% growth in imports. Last September against September 2020, Armenia's foreign trade turnover recorded a 7.8% growth due to an 11.5% decline in exports and a 20.1% growth in imports.
This September, the average AMD/USD exchange rate was 409.15/$1 against 448.37/$1 this January- September against AMD 488.12/$1 last September and AMD 511.47/$1 last January-September.
