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Armenia's consumer confidence index in 2011 third quarter rises by 6.3%
YEREVAN, September 17. / ARKA /. Consumer confidence index (CFI) in
Armenia in the third quarter of this year was 6.3% up from a year
before, the Central Bank of Armenia said today. In the second quarter
the year-on-year rise was 1.3% and compared to the second quarter 2011
the third quarter rise was 2%.
Current conditions index in the third quarter of 2011 rose by 11.8%
from a year before, mainly due to a 15.4% growth in sub-index, that is
used to assess current conditions, that was 13 percentage points
higher from the previous quarter. The sub-index used to assess large
purchases grew by 11.6%, and the sub-index assessing current economic
conditions rose by 9.6%.
According to the report, future conditions index increased by 2.5% in
the third quarter compared to 0.6% drop in the previous quarter.
Household employment expectations index for the fourth quarter rose by
4% compared with a 3% decline in the second quarter. A sub-index
assessing household large purchase expectations in the third quarter
saw a slight decline.
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-
YEREVAN, September 17. / ARKA /. Consumer confidence index (CFI) in
Armenia in the third quarter of this year was 6.3% up from a year
before, the Central Bank of Armenia said today. In the second quarter
the year-on-year rise was 1.3% and compared to the second quarter 2011
the third quarter rise was 2%.
Current conditions index in the third quarter of 2011 rose by 11.8%
from a year before, mainly due to a 15.4% growth in sub-index, that is
used to assess current conditions, that was 13 percentage points
higher from the previous quarter. The sub-index used to assess large
purchases grew by 11.6%, and the sub-index assessing current economic
conditions rose by 9.6%.
According to the report, future conditions index increased by 2.5% in
the third quarter compared to 0.6% drop in the previous quarter.
Household employment expectations index for the fourth quarter rose by
4% compared with a 3% decline in the second quarter. A sub-index
assessing household large purchase expectations in the third quarter
saw a slight decline.
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-