Price index for industrial products in Armenia, began to rise amid  high growth in industrial production

 Monday, May 27 2024 13:46:00
Price index for industrial products in Armenia, began to rise amid  high growth in industrial production

ArmInfo. In Armenia, the price index of industrial products began to rise. Thus, in January-April  2024, the price index for industrial products totaled 100.7% (versus 98.9% in the same period in 2023). This was observed against the backdrop of a sharp acceleration in the y-o-y growth of the industrial sector from 2.4% to 26.8% in January-April 2024, providing volumes of 953.3 billion drams ($2.4 billion).

Food products, services cause of 0.8% inflation in Jan-Apr 2024 
 Friday, May 10 2024 13:19

ArmInfo.In Armenia, four-month inflation of 0.8% was triggered by food and services, which rose in  price by 1.8% and 0.9%, respectively, while non-food products fell in price by 1.6%. This is not much different from last year's picture, when in January-April 2023 inflation of 0.9% came from an increase in  food prices by 1.6% and an increase in the price of services by 1.1%, with a decrease in the price of non-food goods by 1%. This is evidenced by the data of the RA Statistical Committee.

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Armenian service sector generated revenue of $1.2 billion in first  two months
 Monday, April 8 2024 16:56

ArmInfo.Service sector of Armenia provided revenue in the amount of 473.1 billion drams in Jan-Feb 2024 ($1.2 billion), slowing down in y-o-y growth from 23.5% to 5.2%. This is evidenced by data from the RA Statistical Committee, according to which in February alone, the service sector showed a decline of 0.3% - to 236.2 billion drams ($584.2 million).

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Armenia`s metallurgical industry increased production volumes by 37%  in first 2 months
 Monday, April 8 2024 16:01

ArmInfo. Metallurgical industry of Armenia increased production volumes by 37% per annum in Jan-Fe  2024 (versus a 31% decline a year earlier). This is evidenced by the data of the RA Statistical Committee.

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1.2% y-o-y inflation in Armenia`s consumer market in March 2024 was  caused by drop in food prices 
 Wednesday, April 3 2024 16:54

ArmInfo.The 1.2% deflation in the consumer market of Armenia in March 2024 compared to March 2023  (compared to the 5.4% inflation recorded a year ago) was caused by the drop in food prices. In Q1 2024, inflation was slightly lower than last year's quarterly level - 0.2% versus 0.8%, which was the result of cheaper non-food products. 

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Price index of industrial products is decreasing in Armenia
 Monday, March 25 2024 16:38

ArmInfo. In Armenia, the price index of industrial products decreased in Jan-Feb 2024 compared to the same period in 2023 to 99.6% from 100.8% a year earlier. Such a trend is observed against the backdrop of a sharp acceleration in the y-o-y growth of the industrial sector from 1% to 28.9%, providing volumes of 461.6 billion drams ($1.1 billion), by preliminary data from the RA Statistical Committee.

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Industrial sector driver of economic activity in Armenia 
 Monday, March 25 2024 16:07

ArmInfo. In Armenia, the growth of economic activity in January- February 2024 accelerated to 13.6%  per annum (from 10.9% in the same period in 2023). The growth driver was the industrial sector. As preliminary data from the RA Statistical Committee indicate, this was accompanied by a noticeable acceleration in the upward dynamics of exports and imports.

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Decline in Armenia`s consumer prices was caused by food products;  while prices for services and gasoline were on rise
 Tuesday, March 5 2024 16:27

ArmInfo. In Armenia, consumer prices are falling due to cheaper food products, such as cereals,  flour, meat, butter, fish, bread, cheeses, vegetables and fruits. In parallel, an increase in prices for gasoline, alcohol and cigarettes is recorded. In addition, the prices of services continue to increase, especially the tariffs for personal transport services have risen sharply, by the data of the RA Statistical Committee.

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Armenia`s resident population 2,932,731 as of Oct 2023 
 Tuesday, January 23 2024 11:42

ArmInfo.Prime Minister Nikol Pashinyan visited the Statistical Committee to participate in the  discussion of the activity report 2023 of the Committee.

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Index of prices for industrial products down in Armenia in Jan-Nov 2023
 Monday, December 25 2023 13:59

ArmInfo. In Armenia, the price  index of industrial products decreased in January-November 2023  compared to the same period in 2022 to 101.7% from last year's  102.9%. This was observed against the backdrop of a slowdown in  annual growth in the industrial sector from 8.4% to 2.1% - to 2.4  trillion drams ($6.2 billion).

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Slower economic activity growth in Armenia in Jan-Nov, 2023
 Monday, December 25 2023 13:58

ArmInfo. In Armenia, the  growth of economic activity in January-November 2023 slowed to 9.4%  per annum (from last year's 14.4%), accompanied by a very noticeable  slowdown in the upward dynamics of exports and imports.

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Armenia`s public debt exceeded USD 11.1 billion in Nov 2023, with  y-o-y increase of 10%
 Monday, December 11 2023 22:43

ArmInfo. By November 1, 2023, Armenia's public debt exceeded $11.1 billion (4.5 trillion drams),  having increased by 10% year-on-year (the same as a year ago). 

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UAE is in TOP-3 of Armenia`s trade partners in terms of export, and  USA in terms of import 
 Friday, December 8 2023 00:20

ArmInfo.In Armenia's foreign trade, the UAE pushed China out of the 2nd place in terms of exports,  and the USA is trying to overtake China in terms of imports. But Russia continues to lead in foreign trade turnover with Armenia with a coverage of over 35%, and the milestone of 49.6% has already been reached in exports alone, according to the data of the RA Statistical Committee for January-October 2023.

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Industrial products price index in Armenia in Jan-Oct 2023 decreased to 101.6% from 103.4%  
 Monday, November 27 2023 15:11

ArmInfo. In Armenia, In January-October 2023 compared to the same period in 2022, the price index of industrial products decreased to 101.6% from last year's 103.4%. 

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Armenia`s GDP growth rates are returning to dynamics of two years ago
 Wednesday, November 22 2023 18:07

ArmInfo.Armenia's GDP in Jan-Sept 2023 slowed down in y-o- y growth from 21% to 12%, almost  returning to the rate of two years ago (11.1% in the same period of 2021). At current prices, the absolute value of GDP for 9 months of this year amounted to 6.5 trillion drams ($16.5 billion), against last year's 5.8 trillion drams ($14.2 billion). Of this amount, 40% or 2.6 trillion drams ($6.6 billion) were provided in Q3 2023, against 41.4% or 2.4 trillion drams in Q3 2022, according to the data of the RA Statistical Committee.

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Index of prices for industrial products 101.3% this Jan-Sept 
 Wednesday, October 25 2023 14:31

ArmInfo.In Armenia, the price index of industrial products decreased in January-September 2023  compared to the same period in 2022 to 101.3% from last year's 104.1%. This was observed against the background of a decline in industrial sector volumes by 0.6% - to AMD 1,800bln ($4.7 billion), while a year earlier an increase of 10% was recorded.

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9.7% growth in economic activity in Armenia in Jan-Sept, 2023
 Wednesday, October 25 2023 14:30

ArmInfo.In Armenia, the growth of economic activity in January- September 2023 slowed to 9.7% per  annum (from last year's 14.1%), accompanied by a noticeable slowdown in the upward dynamics of exports and imports. 

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Imports of oil products to Armenia 10.3% up in first half of 2023
 Wednesday, October 18 2023 12:09

ArmInfo.Imports of petroleum products to Armenia in the first half of 2023 increased by 10.3% per annum, amounting to 257.6 thousand tons. At the same time, the customs value decreased by 10% - to $228.3 million. This is evidenced by data from the Customs Service of Armenia.

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Armenian service sector generated revenue of $5 billion in 8 months
 Friday, October 6 2023 16:04

ArmInfo. The service sector of Armenia in January-August 2023 maintained double-digit growth, but  the y-o-y pace slowed down significantly - from 27.1% to 14.8%. According to the data of the RA Statistical Committee, during the reporting period the service sector provided a volume of 1.9 trillion  drams ($5 billion). In August alone, the volume of services provided  increased by 4%, amounting to 268.7 billion drams ($695.8 million).

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Armenia`s telecommunications sector maintains growth
 Friday, October 6 2023 15:41

ArmInfo. Revenue of the Armenian communications sector in January-August 2023 amounted to  105.3 billion drams, modestly accelerating in y-o-y growth from 4.5%  to 5.1%, according to the data of the RA Statistical Committee.

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Economic activity growth in Armenia decreased to 10.4% in Jan-Aug
 Thursday, October 5 2023 14:57

ArmInfo. In Armenia, the growth of economic activity in January-August 2023 slowed to 10.4% per annum  (from 13.9% a year earlier), accompanied by a noticeable slowdown in the upward dynamics of exports and imports, according to the final data of the RA Statistical Committee.

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