ECONOMIC ACTIVITY IN ARMENIA DECREASES BY OVER 50% IN JANUARY

Vestnik Kavkaza
Feb 20 2012
Russia

The index of economic activity in Armenia has decreased by 53.7%
as compared to December 2011, according to the updated statistical
data of the National Statistical Service of the country published in
January 2012.

However, the economic activity figure is 4.4% higher than last January,
ARKA reports, referring to the Statistical Service of Armenia.

In contrast to GDP, the rate of economic activity is calculated
in terms of realized economic activities, rather than based on the
volume of added value and does not include net taxes on production
and financial services, which are calculated indirectly.