Tuesday, June 19 2012 19:44
In Q1 2012 economic activity index in Armenia dropped from 134.1% to 108.1%, while business climate index rose from 101.5% to 123.1%
ArmInfo. In Q2 2012 as compared with Q1 2012 economic activity index in Armenia dropped from 134.1% to 108.1%, as compared with Q2 2011 from 106.7% to 102.3%.
Despite the relative decline, there was growing activity in all economy sectors, except construction, with the highest activity registered in industry.
The press service of the Central Bank of Armenia reports that in Q2 2012 as compared with Q1 2012 business climate index grew from 101.5% to 123.1%, as compared with Q2 2011 from 94.8% to 118.4% due to high expectations in all sectors, except construction.
According to the CB's survey, Q2 2012 saw the biggest growth in personnel, with few companies raising wages. In Q3 2012 28.4% of local companies are going to make investments against 21.4% in Q2 2012, with their key source being bank loans.
In Q2 2012 low demand was the key obstacle to high activity in industry, construction and services. Activity in trade was curbed by unfavorable economic climate and unstable foreign exchange rate.
The survey has been held since 2005 among companies acting in industry, construction, trade and services and is based on the methodologies of Conference Board (US) and IFO (Germany).
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