by Tigran Khachatryan
In Nov 2013 economic activity in Armenia dropped by 9.4%.
The National Statistical Service of Armenia reports that in Nov 2013 agriculture dropped by 48.4% to 68.4bln AMD or $168.8mln, services by 4.8% to 86.3bln AMD or $213.1mln and industry by 1.6% to 116.3bln AMD or $286.4mln.
Trade grew by 2% to 216bln AMD or $533.3mln, construction by 25.5% to 62.2bln AMD or $153.6mln.
In Jan-Nov 2013 economic activity grew by 3.3%. Industry grew by 7.2% to 1.110tln or $2.7bln, agriculture by 6.1% to 857.4bln AMD or $2.1mln, services by 2.9% to 917bln AMD or $2.2bln, trade by 1.6% to 1.972tln AMD or $4.8bln.
Construction dropped by 8.5% to 356.5bln AMD or $869.5mln, power engineering by 4.3% to 6.911bln KWh.
In Jan-Nov 2013 the average AMD/USD exchange rate made up 410.02 AMD/1 USD, in Nov 2013 it made up 405.01 AMD/1 USD.