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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ArmeniaArmenia Construction Output YoY climbed to 26.5% in July 2026
FMPMonthlyReleased August 2026
Armenia Construction Output YoY climbed to 26.5% in July 2026, released August 2026, up 1.1% from June's 25.4% reading. The print exceeded the 24.7% consensus by 1.8%. The print is running well above the 12-month average of 22.39%. Over the past 3 months, Construction Output YoY averaged 26.25%, vs 23.5% in the prior 3-month window. The reading is in the 93rd percentile of the trailing 24-month range.
Latest Release
26.5
Actual
24.7
Consensus
25.4
Previous
Median Absolute Error
±3.02 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 24.9
Actual: 26.5
Error: -1.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.43 | INDEX | Moves against | → View |
| GBP/USD | ▲ Direct | +0.43 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.33 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Output YoY (Armenia) was reported at 26.5% in August 2026. This beat the market consensus of 24.7% by 1.8%. The reading rose from the previous value of 25.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 22.28%, ranging from 17.2% to 27.1% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 26.33%, up from the prior three at 21.73%. Volatility over the past year (σ 3.09%) is lower than the prior year (σ 4.54%). In August readings over the past 3 years, Construction Output YoY has averaged 23.43%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with GBP/USD, positively correlated (Bullish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 3.02%.
WHAT TO WATCH NEXT
The next release is scheduled for September 25, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Construction Output YoY - AM
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About Construction Output YoY — Armenia
DEFINITION
Construction Output YoY (Year-over-Year) is a financial indicator that measures the change in the total value of construction projects completed in a given period compared to the same period in the previous year. It provides valuable insights into the growth or decline of the construction industry and can be used to assess the overall health of the economy. This indicator is closely monitored by investors, policymakers, and analysts to make informed decisions about the construction sector and its impact on the broader economy.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 26.5 %, consensus 24.7 %. Prior reading (Jun 2026): 25.4 %. Before that (May 2026): 27.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.43) — a useful reference for index-focused traders.
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Economic Calendar - AM Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | AM | Interest Rate Decision | 6.75 | 6.5 | 6.5 | 6.63 | Low |