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November 28
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YEREVAN. – Armenia’s economic activity index grew by 8.3 percent in January-August 2012, as compared with the same time period last year, the National Statistical Service informs. And this is the highest indicator in the past two years.  

To note, a 21-percent economic activity growth was registered in August, as compared with July, and this growth was 8 percent, as compared with August 2011. 

The service sector—but without trade—contributed to most to this growth, as it was 11.5 percent since the beginning of the year. And this growth rate virtually doubled that of the previous months.   

Industry and agriculture have maintained their double-digit increase, with 13.2- and 10.8-percent growth, respectively, from January to August. The construction sector, however, maintains its drop, with 4.1 percent, albeit the volumes have increased by 12.3 percent in August, as compared with July.  

Also, the trade turnover increased by 2.8 percent and electricity production grew by 7.1 percent in the past eight months.  

The increase in Armenia’s average monthly wage is likewise record-setting for the entire year. The average salaries grew by 6.6 percent this August alone, as compared with August 2011, and by 5.5 percent, since the beginning of the year. The average monthly salary in August is AMD 118,100 (approx $286).

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