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GDP grew 3.9 percent in the nine months of 2014, up from 2.8 percent last year, Armenian Minister of Economy Karen Chshmaritian said at a year-end press conference on Monday.

Citing statistical data, the official said that in 2014 the economic activity index increased from 2.3 percent to 4.3 percent in January-September, and made 3.8 percent in January-November, marking an increase compared with 2013.

“All economic sectors, except construction, recorded growth in January-November,” Chshmaritian said, adding that construction volumes declined 5.4 percent.

As regards industry, the Minister said that the volumes of industrial production increased slowly over the past six months - by 2.6 percent (1160.5 billion drams), services grew 7.1 percent (987.4 billion drams), agricultural production was up 6.5 percent (920.7 billion drams), and trade grew 4.2 percent (2076.5 drams).