Wednesday, March 23 2011 02:31
Over Q1 2011 consumer confidence index in Armenia drops from 102.1% to 97.6%
ArmInfo. Over Q1 2011 consumer confidence index in Armenia dropped from 102.1% to 97.6%, and from 101.5% to 99% as compared with Q1 2010. The press service of the Central Bank of Armenia told ArmInfo that the present conditions sub-index fell to 92%, while the future conditions sub- index grew to 103.9%.
In the present conditions sub-index, growth was fixed only in revenue changes (93.5% quarterly growth, 104.6% annual growth), but the valuation balance is maintained at 37.4, which is lower than the average level. The rest of the items of the present conditions sub-index demonstrated decline.
The share of those who positively estimates the economic situation keeps on dropping, particularly, the valuation balance annually fell by 19.2%, and over Q1 2011 - by 24.3% to 22.4%, which formed the sub- index of households valuation by the current economic situation at 75.7% over Q1 2011 and 80.8% as compared with Q1 2010. Over Q1 2011 the major purchase sub-index made up 87.5%, and 88.7% as compared with Q1 2010, with the appraised value declining to 41.2 points (12.3% quarterly decline, 11.2% annual decline).
In the future conditions sub-index, all items demonstrated growth, and the biggest growth was fixed in revenues changes for the following quarter: - 113% in Q1 against Q4, 110.3% as compared with Q1 2010, with the appraisal value growing to 58.8 points (10.3% annual growth, 13.1% quarterly growth).
The sub-index of possible major purchase in the next quarter made up 98%, with the appraisal value slightly growing annually declining quarterly to 56.8 points. The growth of family employment values (from 53.4 to 56.8 points over Q1) formed this sub-index at 106.4% against Q4 2010 and 101.3% against Q1 2010.
To recall, the given survey of the Central Bank of Armenia has been held since 2005 and aims to evaluate the current economic situations and expectations. The methodology of index calculation is based on the principles worked out by Conference Board (USA) and IFO Institute (Germany).
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