INDUSTRIAL PRODUCTION DECLINES BY 1.6% IN ARMENIA IN JANUARY-SEPTEMBER 2006 ON SAME PERIOD OF LAST YEAR

Noyan Tapan
Nov 01 2006

YEREVAN, NOVEMBER 1, NOYAN TAPAN. In January-September 2006, idustrial
production made 468 bln 10.6 mln drams (about 1 bln 88 mln USD)
in Armenia.

Production of 477 bln 570.5 mln drams was sold, including sales of
production of 39 bln 540.3 mln drams in CIS countries and that of
126 bln 221.7 mln drams in other countries. According to the RA
National Statistical Service, the industrial production declined
by 1.6% compared with January-September 2005, idustrial production
without production and distribution of electricity, gas and water –
by 1.3%. Industrial organizations of Yerevan accounted for nearly 44%
of Armenia’s industrial production. 13.2% of the total industrial
production was manufactured by very small and small organizations
making up 88.4% of the organizations included in the statistical
monitoring, whereas large organizations that made up 8% of the
total number of organizations manufactured 84% of the industrial
production. The production level of January-September 2005 was
maintained or exceeded with respect to 73 out of 123 main goods
produced in January-September 2006, including 44 out of 70 production
and technical goods and 29 out of 53 consumer goods.