ARMENIA’S ECONOMIC ACTIVITY ROSE BY 3.6% IN FEBRUARY

YEREVAN, March 20. /ARKA/. Armenia’s economic activity hiked by 3.6%
in February, 2015, compared to the same period of 2014, the National
Statistical Service reports.

Consumer prices rose 5.4% in the reporting month compared to February
2014, with prices for industrial products having hiked by 4.8% over
the period, according to the report.

Industrial production output amounted to a total of 92.3 billion drams
in the reporting period, a growth of 2.6% compared to the same period
of 2014, says the report.

Agricultural production output was about 26 billion drams (4.9%
growth). Construction output totaled about 12 billion drams (no
significant change from Feb 2014), and domestic trade turnover was
149.3 billion drams (6.4% reduction).

Output in services sector was about 81.2 billion drams (5.3% growth).

Foreign trade turnover amounted to about $319.8 million as of the end
of the reporting period, a decrease of 25.2% compared to February,
2014.

The budgeted GDP growth level is 4.1% for 2015. -0–