Consumer confidence index falls 3.1 notches to 40.9 in Armenia

Consumer confidence index falls 3.1 notches to 40.9 in Armenia

YEREVAN, February 5. /ARKA/. Consumer confidence index was recorded at 40.9 in Armenia in the fourth quarter of 201 after falling 3.1 notches, compared with the same quarter of the previous year, the press office of the Central Bank of Armenia reported on Wednesday.  

Compared with the third quarter of 2013, the consumer confidence index went one notch down. 

Current condition index remained unchanged in the 4th Q 2013, compared with the previous quarter, and stood at 34.5. Current condition index's components reflecting large procurements and financial state showed quarterly decline - large procurement index slid 1.1 points to 53.2 and financial status index shed 1.8 points to 31.2. 

Households' opinion about economic state of the country rose 2.8 points to 19. 

Future condition outlooks fell 2.1 points to 47.2 in the 4th Q 2013, compared with the 3rd Q 2013. This fall was due to decline in all three components of this index. In particular, households' outlooks for large purchases in the next quarter slipped 1.2 points to 52.6, their expectations for changes in financial standing sank 3.3 points to 39.4 and expectations for changes in family employment status slid 1.7 points to 49.8.

The Central Bank of Armenia has been conducting quarterly surveys of non-financial, financial institutions and households since 2005 to assess changes in the current economic conditions compared to the previous period, to assess the economic expectations and to calculate and publish a composite index based on survey results. -0--- 

17:23 05.02.2014

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