Armenia Economic Activity Growth to 18-Month Low

2026-10-26 08:16 By Nicole Aliyah 1 min. read

Armenia’s economic activity edged down to 5.0% year-on-year in September 2026, from a 5.2% rise in August and remaining the lowest reading since March 2025.

The slowdown was driven by a contraction in industrial output, which fell 4.5% year-on-year, compared with a 4.3% increase in August.

Meanwhile, growth in construction output accelerated to 25.9% from 23.8%, while trade turnover remained unchanged after rising 0.1% in August.

Services growth also accelerated to 15.1% from 11.4%.

On a monthly basis, economic activity increased 9.1% in September, following a 4.5% rise in August.

For the January–September period, overall economic activity was 6.9% higher than in the corresponding period a year earlier.



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Armenia Economic Activity Growth to 18-Month Low
Armenia’s economic activity edged down to 5.0% year-on-year in September 2026, from a 5.2% rise in August and remaining the lowest reading since March 2025. The slowdown was driven by a contraction in industrial output, which fell 4.5% year-on-year, compared with a 4.3% increase in August. Meanwhile, growth in construction output accelerated to 25.9% from 23.8%, while trade turnover remained unchanged after rising 0.1% in August. Services growth also accelerated to 15.1% from 11.4%. On a monthly basis, economic activity increased 9.1% in September, following a 4.5% rise in August. For the January–September period, overall economic activity was 6.9% higher than in the corresponding period a year earlier.
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