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Economic Activity In Armenia Rises 7.7% In April 2011

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  • Economic Activity In Armenia Rises 7.7% In April 2011

    ECONOMIC ACTIVITY IN ARMENIA RISES 7.7% IN APRIL 2011

    /ARKA/
    May 31, 2011
    YEREVAN

    Economic activity in Armenia rose 7.7% in April 2011, compared with the
    same month a year earlier, and 4%, compared with the previous month,
    National Statistical Service of Armenia reported on Tuesday.

    In April 2011, the country's construction grew 16.9%, compared with
    the same month a year before, but contracted by 4.2%, compared with
    March 2011, to AMD 23.3 billion.

    Industrial output grew 11% in April 2011, compared with April 2010,
    but shrank 1.5%, compared with March 2011, to AMD 75 billion.

    According to the statistical report, agriculture sector accounted for
    0.6% year-on-year growth and 42% month-on-month growth in April 2011
    (AMD 35.5 billion).

    Foreign trade turnover grew 17.7% in April 2011, compared with April
    2010, and 2.9%, compared with March 2011, to AMD 167.9 million or
    $449.4 million.

    Services sector reported 9.3% year-on-year growth and 4.5%
    month-on-month growth in April 2011 (AMD 68.2 billion).

    In the 2011 government budget, GDP growth is projected at 4.6%. ($1=
    AMD 377.75).




    From: A. Papazian
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