FX.co ★ Armenia Economic Activity Growth Eases in October

In October 2025, Armenia experienced a year-on-year increase in economic activity of 10.1%, a slight reduction from the revised figure of 11.1% observed in the previous month. The construction sector growth slowed down to 20.1% from September's 22%. Conversely, industrial production saw a significant boost, climbing to 17.9% from the previous 10.1%, and the services sector also experienced growth, reaching 12.8% compared to 9.9% earlier. Additionally, trade activity saw a minor rise, increasing by 1% from 0.9%. On a month-to-month comparison, the overall economic activity fell by 4%, which reversed the notable 9.8% growth seen in September. Looking at the period from January to October, the overall economic activity was 8.1% higher than during the corresponding timeframe of the previous year.