The economic activity index of Armenia increased by 12.5 percent in January-May 2023 compared to the same period last year, as per the data published by the Statistical Committee of Armenia

Accordingly, industrial production increased by 3 percent in January-May of this year compared to the same period last year.

Construction in the first five months of 2023 increased by 16.7 percent compared to the same time last year.

The increase in trade this January-May compared to January-May 2022 was 24.5 percent.

In the same period, the rendered services increased by 19.9 percent.

In the first five months of 2023, the consumer price index in Armenia increased by 5.2 percent compared to the same period last year, whereas the industrial product price index decreased by 1.6 percent.

A decrease was also recorded in electricity production; this drop was 3.1 percent compared to the same time last year.

Armenia’s foreign trade increased by 86.9 percent in January-May of this year compared to the same time last year. In addition, exports increased by 93.3 percent, and imports—by 83.3 percent compared to the first five months of the previous year.

And Armenian national currency the dram’s exchange rate was 390.41 against 1 US dollar this January-May.