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Consumer Confidence Index Declines In First Quarter Of 2006 Compared

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  • Consumer Confidence Index Declines In First Quarter Of 2006 Compared

    CONSUMER CONFIDENCE INDEX DECLINES IN FIRST QUARTER OF 2006 COMPARED LAST QUARTER

    Noyan Tapan
    Mar 30 2006

    YEREVAN, MARCH 30, NOYAN TAPAN. The composite economic indices of
    the first quarter of 2006, which were calculated by the Central Bank
    of Armenia (CBA), show a high activity: they are above 50 points,
    which is quite positive. Head of the CBA Statistics Department Hakob
    Zorian stated this at the March 30 press conference. According
    to him, during the period under review, the business environment
    index made 58.3 points in Armenia, the economic activity index -
    70.5, and the consumer confidence index - 51.3. The first two of
    the indicated indices grew by 7.8% and 31.5% respectively compared
    with last quarter, while the third one declined by 0.4%. H. Zorian
    assured that this decline is conditioned by the fact that the survey
    participants assessed negatively the current economic situation. It was
    noted the consimer confidence index also includes household incomes,
    domestic expenditures and changes in employment. H. Zorian said
    that in order to get the business environment index, the mean of
    the organizations' assessment of changes in risks and the overall
    economic situation is calculated, while the economic activity index
    - by calculating the mean of the organizations' expectations of
    production volumes, production orders and stocks. To recap, the CBA
    has been conducting quarterly surveys of financial and nonfinancial
    organizations, as well as households since 2005.

    More than 600 organizations in industry, construction, trade and
    service sector and 1,500 households participate in surveys.
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