Interfax, Russia
July 31 2009

Armenian industrial production shrinks 11.5% in H1


Industrial production in Armenia contracted 11.5% to 281.5 billion
dram ($808.8 million) in current prices in the first half of 2009
compared to the same period of 2008, the National Statistics Service
said in a report.

Production in the mining industry declined 9.3% to 28.8 billion dram
in the half. The manufacturing industry saw output fall 12.6% to 189.5
billion dram. The utilities industry (electricity, water, gas)
declined 8.9% to 63.2 billion dram.

Exports of industrial products to the CIS totaled about 19.1 billion
dram in the period.

The official exchange rate on July 31 was 369.98 dram/$1.

From: Emil Lazarian | Ararat NewsPress