Armenia Leading Index Accelerates Slightly

2025-12-25 08:34 By Farida Husna 1 min. read

Armenia’s economic activity expanded by 10.4% year-on-year in November 2025, a bit faster than a 10.1% increase in the previous month.

Industrial output picked up sharply (31.7% vs 17.9% in October), while retail turnover also strengthened (1.5% vs 1.0%).

On the other hand, construction activity moderated (17.2% vs 20.1%), and services growth eased marginally (11.2% vs 12.8%).

On a monthly basis, overall economic activity edged down 0.1%, following a steeper 4.0% decline in October.

Over the January–November period, economic activity rose 8.3% compared with the same period a year earlier.



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