Interfax
Aug 13 2004

Industrial output in Armenia drops 5.8% in January-July

Yerevan. (Interfax) – The monetary volume of industrial output in
Armenia dropped 5.8% year-on-year to 170.7 billion dram in the
January-July 2004, the country’s Trade and Economic Development
Ministry told Interfax.

The greatest decrease – 19.5% – was posted in the gem-cutting and
polishing and jewelry industry. Enterprises in this sector turned out
product worth 71.7 billion dram.

The ministry’s figures show sales of industrial product increased
15.5% to 168.3 billion dram in January-July. Exports were up 9.8% to
143.6 billion dram.
The official exchange rate for August 13: 519.24 dram/$1.