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Armenia’s economic activity index rises to 7.8%

12:59, 20.07.2012 Region: Armenia Theme: Economics

YEREVAN. – Armenia’s economic activity index comprised 7.8 percent in January-June 2012, as compared with the same time period last year, the National Statistical Service informs. 

A 9.3-percent economic activity growth was registered in June 2012, as compared with June 2011, and this growth was 10.8 percent, as compared with May 2012.  

To note, the economic activity index was at 7.4 percent in January-May of this year, and this index continues to grow this year on a monthly basis, as the year had started with a 4.4-percent growth. 

The economic activity’s primary engine continues to be industry, with a 13-percent growth. Agriculture registered an accelerated 8.1-percent growth. The services sector registered a 12-percent growth, but the construction sector had a 6.7-percent drop. And trade turnover increased by 2.4 percent.

Armenia’s average monthly salary in June 2012 is AMD 126,000 (approx. US$ 307), which is an 8.6-percent increase from June 2011. That is to say, the salary increase rate exceeds the price hikes considerably, as the twelve-month inflation is 0.7 percent.       

And the US dollar’s average exchange rate against the Armenian dram was at AMD 394.98/$1 in the first six months of the current year.

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