Construction Sector Secures Economic Growth

CONSTRUCTION SECTOR SECURES ECONOMIC GROWTH
By Ara Martirosian
AZG Armenian Daily
27/09/2006
As of January-August 2006, a high pace of economic growth was secured
in Armenia. RA National Statistic Service informed about this. The
indicator of the economic growth made 11,3%. As compared to the first
six months, it has decreased and amounted to %16.
While the growth of the construction volume made 40,2% in the period
under review and the total area of dwelling houses made 28,7%.
The total volume of industrial production decreased by 0,9%, without
the volume of electricity, gas and water production, it made 0,7%
and without the volume of diamond production, it increased by 2,1%.
The foreign trade turnover increased by 11,5%. The export decreased
by 3,4% making $ 595 million, import increased by 20% and totaled to
$1,3 billion. Without the article of the diamond production, it grew
by 2,6%, while the import increased by 28,4%. The negative balance
of the foreign trade increased and surpassed $ 700 million.
As compared with the indicator of December, 2005, the consumers’
prices increased by 2,7 %. At the same time, the currency profits of
the population grew by 18,7%, while the expenses increased by 20,5%.