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Armenian industrial production shrinks 11.5% in H1

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  • Armenian industrial production shrinks 11.5% in H1

    Interfax, Russia
    July 31 2009



    Armenian industrial production shrinks 11.5% in H1

    YEREVAN July 31


    Industrial production in Armenia contracted 11.5% to 281.5 billion
    dram ($808.8 million) in current prices in the first half of 2009
    compared to the same period of 2008, the National Statistics Service
    said in a report.

    Production in the mining industry declined 9.3% to 28.8 billion dram
    in the half. The manufacturing industry saw output fall 12.6% to 189.5
    billion dram. The utilities industry (electricity, water, gas)
    declined 8.9% to 63.2 billion dram.

    Exports of industrial products to the CIS totaled about 19.1 billion
    dram in the period.

    The official exchange rate on July 31 was 369.98 dram/$1.

    From: Emil Lazarian | Ararat NewsPress
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