Armenian Industrial Output Grows 4.4% in Seven Months

Armenia's mining industry saw a 35.1% increase in growth in the first seven months of 2015 (Source: Photolure)
Armenia's mining industry saw a 35.1% increase in growth in the first seven months of 2015 (Source: Photolure)

Armenia’s mining industry saw a 35.1% increase in growth in the first seven months of 2015 (Source: Photolure)

YEREVAN (ARKA)—Armenia’s industrial output during the first seven months of 2015 saw a 4.4% increase to 827.8 billion drams compared to last year, according to the National Statistical Service.

The growth was secured by the mining and quarry industry, which produced a total of 143.9 billion drams worth of products, 35.1% more than the same period in 2014.

The manufacturing sector declined by 2.9% to 520.4 billion drams. Electricity, natural gas, steam and air conditioning supplies grew by 2.8% to 149.9 billion drams, while water supply and purification, waste treatment and recycling grew by 10.1% to 13.5 billion drams.

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