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
Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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/2009/08/03/armenian-industrial-production-shrinks-11-5-in-h1/
