Industrial production in Armenia surged 31.7% year-on-year in November 2025, sharply accelerating from a 17.9% increase in the previous month and marking the strongest annual growth since February 2024. On a month-on-month basis, output rose 12.8%, easing from October’s 20.8% jump, which was the highest in nearly two years. Over the January–November period, industrial production increased marginally by 0.5% compared with the same period a year earlier.