Armenian consumer confidence index is 1.3% up in quarter two
23.06.2011,
23:07
Consumer confidence index in Armenia was 1.3% up in the second quarter of 2011 from the same time span of 2010 arising to 47.7, the Central Bank of Armenia told ARKA.
YEREVAN, June 23, /ARKA/. Consumer confidence index in Armenia was 1.3% up in the second quarter of 2011 from the same time span of 2010 arising to 47.7, the Central Bank of Armenia told ARKA. Compared to the first quarter of 2011 it was up 4.7%. The index of current conditions in the second quarter of 2011 increased by 4.3% from the second quarter of 2010 to 39.3. The growth was recorded in almost all sub-indices used to assess current conditions.
The sub-index used to assess large purchases in the second quarter increased by 3% to 48.6 if compared with the same period of time in 2010. The sub-index that assesses current economic conditions grew by 2.1% to 29.4, and the sub-index that assesses changes in incomes was up 7.6% to 40.
According to the report, the index of future conditions fell in the second quarter of this year compared to the same period of 2010 by 0.6% to 56. Two sub-indexes, evaluating expectation in large purchases in the next quarter and expectations in income changes increased by 1.2% and 0.2% to 57.2 and 55.8 respectively. However, the index used to evaluate the family employment index in the next quarter decreased by 3.3% to 55.1.
The Consumer Confidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending.
Since early 2005 the Central Bank of Armenia has been conducting quarterly surveys of non-financial, financial institutions and households to assess changes in current economic conditions compared to the previous period, to assess the economic expectations of the subjects under study and based on survey data to calculate and publish composite economic indexes. The surveys are conducted over the Internet, telephone, letter and fax. Based on the survey results indices of business environment, economic activity and consumer confidence are calculated on a 100-point scale. The score above 50 shows high activity and below 50 a low activity, and 50 a steady-state condition. -0-
The sub-index used to assess large purchases in the second quarter increased by 3% to 48.6 if compared with the same period of time in 2010. The sub-index that assesses current economic conditions grew by 2.1% to 29.4, and the sub-index that assesses changes in incomes was up 7.6% to 40.
According to the report, the index of future conditions fell in the second quarter of this year compared to the same period of 2010 by 0.6% to 56. Two sub-indexes, evaluating expectation in large purchases in the next quarter and expectations in income changes increased by 1.2% and 0.2% to 57.2 and 55.8 respectively. However, the index used to evaluate the family employment index in the next quarter decreased by 3.3% to 55.1.
The Consumer Confidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending.
Since early 2005 the Central Bank of Armenia has been conducting quarterly surveys of non-financial, financial institutions and households to assess changes in current economic conditions compared to the previous period, to assess the economic expectations of the subjects under study and based on survey data to calculate and publish composite economic indexes. The surveys are conducted over the Internet, telephone, letter and fax. Based on the survey results indices of business environment, economic activity and consumer confidence are calculated on a 100-point scale. The score above 50 shows high activity and below 50 a low activity, and 50 a steady-state condition. -0-
