ArmInfo. Armenia's industrial sector achieved 5.8% annual growth in January-September 2026 (from a 5.7% decline a year ago), generating a volume of 2.361 trillion drams ($6.3 billion). This upward trend was driven by improved performance in the manufacturing and mining industries. According to the RA Statistics Committee, industrial output increased by 4.2% in September alone, reaching 291.1 billion drams ($800.7 million).
The mining sector, for example, increased its annual growth from a 0.5% decline to 21.8% in January-September, generating a volume of 555.6 billion drams. However, in September alone, mining sector output declined by 5.8% to 66 billion drams.
The manufacturing industry grew by 3.3% year-on-year during the reporting period (compared to a 10.2% decline a year ago), generating output of 1.5 trillion drams. In September alone, manufacturing production increased by 9.5% to 194.6 billion drams.
Moreover, the most significant increases in manufacturing were seen in the chemical industry - by 74.1%, furniture - by 57.2%, finished metal products (except machinery and equipment) - by 49.2%, basic pharmaceuticals and drugs - by 16.2%, and beverages - by 13.1%.
The largest decline in production was recorded in the production of machinery and equipment - by 53.6%, coke and refined petroleum products - by 36%, tobacco products - by 11.6%, and printing - by 10.8%.
In the manufacturing sector, food products traditionally lead in production volumes (478.3 billion drams), while metallurgy Industry (211.1 billion drams), cigarettes (197.5 billion drams), beverages (197.5 billion drams), and other non-metallic products (126.5 billion drams).
According to statistics, supplies of electricity, gas, steam, and air conditioning in January-September 2026 decreased by 2.1% year-on-year (versus a 12.9% increase a year ago), amounting to 284.1 billion drams, with a 3.4% decline in September to 27.4 billion drams. Moreover, electricity generation, transmission, and distribution decreased by 4.7% year-on-year during the reporting period, while gas production and distribution of gaseous fuels through gas supply systems increased by 13.5%.
Revenues from water supply, waste treatment and processing, and secondary raw materials increased year-on-year from 1.9% to 3% during the reporting period, amounting to AMD 24.9 billion. In September alone, this figure decreased by 2.1% to AMD 3.1 billion. This year-on-year growth in this segment was primarily due to a 6.1% increase in revenues from wastewater collection and treatment.
It should be noted that the average exchange rate of the dram against the US dollar in January-September 2026 was AMD 371.32/$1, and in September, AMD 363.59/$1.
