Armenia’s business activity index sheds 1.5 points to 58.2 in 2nd Q
YEREVAN, September 18. /ARKA/. Business activity index in Armenia sank 1.5 percentage points in the second quarter of this year, compared with the previous quarter, to 58.2, the press office of the Central bank of Armenia reports.
Armenia’s industry showed the highest quarter-on-quarter activity index – 61 against 61.9% in the first quarter of this year.
Trade sector recorded 58.4 (1.2-point decline), services area 56.8 (a two-point decline) and construction 56 (a two-point decline).
Besides, business environment index stood at 53.7 after going 1.8 points down, compared with the previous quarter’s result, and showed stable sentiments in business environment.
Industry was singled out for the highest business environment index – 55.9, which rose 1.2 points in the second quarter, compared with first quarter.
Construction recorded 50 (1.2-point decline), trade 55.4 (0.8-point increase) and services 53.5 (8.2 decline).
Calculation of the business activity index is based on an averaged method of respondents’ estimates and outlooks on industrial output orders for output and changes in industrial reserves.
The business environment index is figured out by averaging organizations’ estimates on changes of economic things and risks.
The Central Bank of Armenia started conducting its quarterly surveys of financial, non-financial organizations and households in 2005 to assess economic expectations of respondents and calculate indices. ---0---