Industry in Armenia
Armenia - IndustryThe economy grew buoyantly in the first half of the year thanks to surging investment and healthy household spending. Tailwinds from remittances from abroad, accommodative monetary policy, and increased lending kept growth strong in H1, despite plunging government consumption due to fiscal tightening. While these growth drivers largely remained in place in the third quarter, growth is expected to have lost steam. Agricultural output plunged in August, in part due to bad weather, causing overall economic activity to slump. On the political front, My Step, the party led by new prime minister Nikol Pashinyan, secured a landslide victory in local elections in Yerevan on 23 September. This signals strong support ahead of national elections expected in the coming months.
Armenia - Industry Data
|Industrial Production (annual variation in %)||7.3||2.6||5.1||6.8||12.6|
5 years of economic forecasts for more than 30 economic indicators.
Source: National Statistical Service of Armenia
|Stock Market||0.0||0.0 %||Oct 22|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.