ARMENIAN ECONOMY GROWS 12 PERCENT IN JANUARY-JULY

FreshPlaza
Aug 21 2007
Netherlands

Yerevan, August 20 /Armenpress/ Armenia’s economy grew 12.1 percent
in January-July from a year ago to 1.3 trillion Armenian Drams.

Armenian Statistical Service said industrial output grew a slight
1.3 percent to 389 billion Drams.

It said power generation not counted, industrial output was 318.5
billion Drams, 0.2 percent higher from a year ago, while diamond
industry output not counted, it grew almost 9 percent to 385 billion
Drams.

The Statistical Service said in January-July Armenian power plants
produced almost 3.6 billion kilowatt/hour electricity, 1 percent down
from a year ago. It also said agriculture grew 2.2 percent to 212
billion Drams. The biggest growth was again in construction which
saw 254 billion Drams in investments.

The retail trade grew 11 percent to 435 billion Drams. Population
incomes grew 27 percent to 1.4 trillion Drams and expenses grew 23
percent to almost 1 trillion Drams.

Almost 780 billion Drams were spent on purchase of goods and services.