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Seda Hergnyan

Armenia: Economic Activity Index Shrinks 17.2% in April

Armenia’s Economic Activity Index (EAI) dipped 17.2% in April, when compared to the same period last year, according to the country’s Statistical Committee.

The construction sector took the biggest hit, contracting 51%.

Domestic trade volume decreased 33.1%

The services sector decreased 15.9%

Manufacturing decreased by 8.6%

In March of this year, compared to the same month of the previous year, Armenia's Economic Activity Index (EAI) decreased by 4.9%, this according to the country’s Statistical Committee.

Between January and April of this year, when compared to the same period last year, the country’s EAI shrunk by 1.7%

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