Industrial Production in Armenia Increased 2.4% in Jan-Aug 2004

INDUSTRIAL PRODUCTION IN ARMENIA INCREASED 2.4% IN JAN-AUG 2004

YEREVAN, OCTOBER 1. ARMINFO. The volume of the industrial production
in Armenia in Jan-Aug of the current year as against 2003 increased by
2.8% and totaled 330.9 bln drams. Not taking into account the
energetic sphere, gas supply and water economy it increased by 2.6%.
National Statistical Service of Armenia informed ARMINFO, in Aug as
against July 2004 the volume of industrial production increased by
5.9%. Industrial production worth 326.8 bln drams were sold in the
period under review, including in CIS countries – 30.9 bln drams, and
other countries – 89.7 bln drams.

A considerable growth was registered in production of textile goods in
Jan-Aug of 2004 as compared with the same period of 2003 – the index
made up 222.8% and production of textile goods – 207.2%, nonmetallic
mineral products – 128.5%, in production of tools and devices –
124.8%. in production of finished clothes and leather working –
122.1%, in production of finished metallic goods – 113.2%. The most
considerable fall has been fixed in production of jewelry goods – the
index made up 85.6%, in working of wood 97.1% and metallurgy industry
– 92.3%

In Jan-Aug 2004 energetic enterprises of Armenia had generated 4,097.6
mln kW/h electricity or 112.2% out of the index of the same period of
last year. Electricity produced by the Armenian Atomic Power Station
made up 40.6% of the total generation, in thermal power stations –
24.1% and in hydro power stations – 35.3%.

Production of bread and bakery products for the accounting period
totaled 196,400 tons. Production of beer increased by 23.9%, totalling
6,454,000 liters. Growth of production of flour by 9%, macaroni – by
104.5%, production of vodka by 30% and wine 28.5% were registered in
the period under review. Production of cigarettes and meat products
decreased by 12.9% and 22.6% respectively.

Production of aluminum roll grew 9.2 times, black copper – by 26.8%
zinc concentrate – by 13.8%, molybdenum concentrate – 4.1%, and of
copper in copper concentrate and aluminum foil decreased by 1.9% and
97.5% respectively.