Armenia's economic activity rises by 9.6% in first seven months of 2024

p YEREVAN, September 2. /ARKA/. Economic activity in Armenia increased by 9.6% from January to July 2024, driven by growth in the trade (+21.4% year-on-year), industry (+15.7% year-on-year), and services (+4.5% year-on-year) sectors, according to a macroeconomic review published by the Eurasian Development Bank (EDB) on September 2. /p p The review noted that industrial activity accelerated slightly in July, reaching +2.2% year-on-year, up from 1.4% the previous month. However, growth rates in trade and services showed signs of slowing.