FX.co ★ Armenia Industrial Output Growth at Near 2-Year High

In November 2025, Armenia witnessed a significant increase in industrial production, with a year-on-year surge of 31.7%. This marked a strong acceleration from the 17.9% growth seen in the previous month and represented the highest annual increase since February 2024. On a monthly basis, production grew by 12.8%, though this was a moderation from October's exceptional 20.8% rise, the most substantial in nearly two years. For the period spanning January to November, industrial production showed a slight increase of 0.5% compared to the same timeframe in the previous year.