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Index of Armenia's economic activity 70.1 in 2ndQ 2006

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  • Index of Armenia's economic activity 70.1 in 2ndQ 2006

    INDEX OF ARMENIA'S ECONOMIC ACTIVITY 70.1 IN 2ND QUARTER 2006 AGAINST
    70.5 IN 1ST QUARTER AND 72.2 IN 2ND QUARTER 2005

    Arka News Agency, Armenia
    June 23 2006

    YEREVAN, June 23. /ARKA/. The index of Armenia's economic activity
    amounted to 70.1 out of the 100-point measurement in the 2nd quarter
    2006 against 70.5 in the 1st quarter 2006 (72.2 - 2nd quarter 2005,
    71 - 3rd quarter 2005, 53.6 - 4th quarter 2005).

    At the same time, the final averaged index of economic activity in
    the 2nd quarter 2006 totaled 99.4% of the previous quarter's level
    (0.6% decrease). As compared to the 2nd quarter 2005, this index
    decreased by 2.9% in the 2nd quarter 2006.

    According to the Central Bank of Armenia, the index of economic
    activity is calculated on the basis of averaged method of evaluations
    and expectations of respondents concerning production volumes, orders
    for production and expected changes of production reserves.

    Starting from 2005 the CBA has begun quarterly surveys of
    non-financial, financial organizations and households.

    The surveys are aimed at evaluating the change of the current
    situation compared to the previous period, economic expectations of
    the respondents, and to calculate and publish aggregative economic
    indices based on the survey results. More than 600 organizations of
    the industrial, construction and service sectors were selectively
    investigated.

    The surveys were held on Internet, by means of phone calls and direct
    visits. R.O. --0--
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