PM: Armenia continues to see strong economic growth
Armenia’s economic activity index grew by 7.6% in August 2019 from the same month of 2018, which means that Armenia continues to experience strong economic growth, Prime Minister Nikol Pashinyan said in a Facebook post.
“As of August, the 2019 annual indicators of Armenia are as follows:
Economic activity index – 7%
Industrial growth – 9.5%
Construction growth – 4.4%
Trade growth – 9%
Growth in services – 15.5%
Average monthly salary increase – 5.7%
Export growth – 4.6%
Let me add that not only did we not see inflation in August, but also recorded deflation,” the PM wrote, adding overall, the country remains in the domain of low inflation rates.
“These are pretty good indicators and we all should be encouraged for better work,” he added.