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Armenian industrial production up

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  • Armenian industrial production up

    RosBusinessConsulting Database
    November 2, 2004 Tuesday

    Armenian industrial production up


    Armenian industrial production gained 1.6 percent to $692.8m in January
    to September 2004 in comparison to the same period in 2003. Industrial
    products totaling $683.8m were sold in the reported period including
    $63.3m in the CIS and $185.8m in other countries. According to the
    country's National Statistics Service, the volume of industrial
    production decreased by 1.1 percent in September this year.

    The chemical industry advanced considerably in January to September
    2004, namely by 175.5 percent against January to September 2003.
    Armenian energy companies produced 4.4787bn kWh in the first nine
    months of this year, which was a 9-percent increase against the
    corresponding period in 2003. A noticeable decline was reported in
    jewelry production (84.2 percent).
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