Armenian industrial production up by 22% in January-May 2024
he volume of industrial production in Armenia for January-May 2024 amounted to 1,182,982.7 million drams #40;at current prices#41;, marking a 22#37; increase compared to the same period in 2023, according to the data published by the National Statistical Committee of Armenia on Tuesday
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YEREVAN, July 9. /ARKA/. The volume of industrial production in Armenia for January-May 2024 amounted to 1,182,982.7 million drams (at current prices), marking a 22% increase compared to the same period in 2023, according to the data published by the National Statistical Committee of Armenia on Tuesday.
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In May, the industrial production volume was 229,707.0 million drams, a 6.9% increase compared to May 2023, though a 0.2% decrease compared to April 2024.
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The volume of production in the mining industry and open-pit mining operations for the first five months of the current year was 178,937.0 million drams, an 8.8% decrease compared to the same period in 2023. The manufacturing industry saw a production volume of 842,549.2 million drams, a 33.7% increase.
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The supply of electricity, gas, steam, and conditioned air totaled 149,296.3 million drams, up by 13.3%, while the water supply, sewerage, waste management, and remediation activities sector recorded a volume of 12,200.2 million drams, a 5.7% increase.
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The manufacturing industry accounted for the largest share of industrial production from January to May, at 71.2%. The mining industry and open-pit mining operations accounted for 15.1%, electricity, gas, steam, and conditioned air supply for 12.6%, and water supply, sewerage, waste management, and remediation activities for 1.1%. (Exchange rate: $1 = 387.88 drams)
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