Interfax
Aug 13 2004
Industrial output in Armenia drops 5.8% in January-July
Yerevan. (Interfax) – The monetary volume of industrial output in
Armenia dropped 5.8% year-on-year to 170.7 billion dram in the
January-July 2004, the country’s Trade and Economic Development
Ministry told Interfax.
The greatest decrease – 19.5% – was posted in the gem-cutting and
polishing and jewelry industry. Enterprises in this sector turned out
product worth 71.7 billion dram.
The ministry’s figures show sales of industrial product increased
15.5% to 168.3 billion dram in January-July. Exports were up 9.8% to
143.6 billion dram.
The official exchange rate for August 13: 519.24 dram/$1.
Disclaimer: This article was contributed and translated into English by Zakarian Garnik. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2004/08/15/industrial-output-in-armenia-drops-5-8-in-january-july/