Construction output in Armenia decreased 27 percent in May of 2020 over the same month in the previous year.
Construction Output in Armenia averaged -2.62 percent from 2011 until 2020, reaching an all time high of 25.10 percent in February of 2018 and a record low of -51 percent in April of 2020. This page provides - Armenia Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Construction Output in Armenia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Armenia to stand at 2.50 in 12 months time. In the long-term, the Armenia Construction Output is projected to trend around 2.50 percent in 2021, according to our econometric models.