Industrial Production in Armenia grew 10.2 percent year-on-year in May 2019, following a 13.2 percent surge in the previous month. Considering the first five months of 2019, industrial activity advanced 5.6 percent over a year ago. On a monthly basis, industrial production rose 5.9 percent, rebounding from a 3 percent decline in the previous month. Industrial Production in Armenia averaged 2.75 percent from 1999 until 2019, reaching an all time high of 31.70 percent in January of 1999 and a record low of -20.90 percent in June of 2000.
Industrial Production in Armenia is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Armenia to stand at 6.50 in 12 months time. In the long-term, the Armenia Industrial Production is projected to trend around 8.40 percent in 2020, according to our econometric models.