Armenia`s industrial sector saw a 19.4% decline in January-February  2025

ArmInfo. In January-February 2025, Armenia's industrial sector experienced a significant shift  from its annual dynamics, showing a 19.4% decline compared to  the  28.9% growth seen the previous year. This resulted in  a decrease of  production volumes  to 380.5 billion drams ($961.8 million). The  decline in  annual dynamics was observed in  both the mining and  manufacturing industries. According to data from the Statistical  Committee of the Republic of Armenia, in February alone, industrial  production volumes decreased by 0.6% to 190 billion drams ($480.1  million).

In  January-February 2025, , the mining industry and open-pit mining  experienced a significant decline compared to the same period of  2024. The decline went from 3.1% to 19.2%, with a total volume of  58.5 billion drams. In February alone, the volume of the mining  industry decreased by 28.3% to 24.4 billion drams.

During the same period, the volume of the manufacturing industry   also saw a sharp reverse in its annual dynamics, Instead of the  previous 47% growth there was a 26.2% decline, totaling 243.2 billion  drams. Of this amount, 127.4 billion drams were generated in  February, showing a monthly growth of 9.5%.  In the manufacturing  industry, there was a significant drop in volumes in January-February  2025.  Production of basic metals decreased by 77% per annum, jewelry  industry - by 69.1%, coke and petroleum products - by 28.4%,  beverages - by 25.5%, furniture - by 11%, clothing - by 16.5%, and   leather and leather products - by 17.5% per annum. High growth rates  were recorded in the following segments:  production of cigarettes -  by 93.1%, computers, electrical and optical equipment - by 2.6 times,  and machinery and equipment - by 83.3%. The leaders in  production  volumes within the manufacturing industry are food products (75.5  billion drams), cigarettes (44.6 billion drams), basic metals (35.6  billion drams), beverages (24.3 billion drams), and other  non-metallic products (15.8 billion drams). Statistics show that the  supply of electricity, gas, steam and air conditioning in  January-February 2025 increased by 10.7% compared to the same period  in 2024 (against an increase of 8.7% a year earlier), amounting to 74  billion drams. However, there was a 6.4% decline in February alone,  down  to 35.7 billion drams.  Moreover, the generation, transmission  and distribution of power in January-February increased by 10.9% per  annum, while  gas production, distribution of gaseous fuel through  gas supply systems increased by 10.1%.

Revenues from water supply, waste treatment,  processing and the  production of secondary raw materials in January-February increased  by 0.3% per annum (compared to a 7% increase the previous year),  totaling 4.7 billion drams. In February alone, they decreased by  1.7%. It should be noted that the average exchange rate of the dram  in January-February 2025 was AMD 396.74/$1, and in February 2025 -  AMD 395.60 /$1.