Manufacturing Production in Armenia decreased 9.40 percent in May of 2020 over the same month in the previous year.
Manufacturing Production in Armenia averaged 7.65 percent from 2011 until 2020, reaching an all time high of 29.40 percent in May of 2017 and a record low of -16.20 percent in April of 2020. This page provides - Armenia Manufacturing Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Manufacturing Production - values, historical data and charts - was last updated on August of 2020.
Manufacturing Production in Armenia is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in Armenia to stand at 6.50 in 12 months time. In the long-term, the Armenia Manufacturing Production is projected to trend around 9.50 percent in 2021 and 8.50 percent in 2022, according to our econometric models.