Speaking at the cabinet meeting, Vache Gabrielyan noted that the index reveals an estimated 4.2% of economic activity. “That means we have an economic growth which though isn’t a growth indicator (it will be available in September) but nonetheless shows a positive dynamics in all the sectors of economy, particularly in the industrial production (5.1%),” he noted.

“The highest growth is in agriculture. We have developments especially in plant growing. The high harvest is due to not only the favorable weather but also the use of new land lots,” he said.

Gabrielyan added that the statistics also reveals progress in the development sector the growth being 106% after several years’ stalemate.
“One of the reasons was the decline in private development activities which have now grown. At the same time, the average nominal salary has increased to 110.8%. Compared to the inflation rate, which is now 5.1%, it is now above the annual inflation level,” he added.

Source: tert.am