Fri, 15 August
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s consumer confidence index in fourth quarter advances by 0.2 percent to 44.3

YEREVAN, December 19. / ARKA /. Armenia’s consumer confidence index (CCI) in the fourth quarter of this year advanced by 0.2 percent to 44.3 when compared to the fourth quarter of 2011, the Central Bank of Armenia told ARKA. It said when compared with the third quarter of 2012, consumer confidence index slashed by 4.6%.

Current conditions index in the fourth quarter of 2012 dropped by 1.1% from a year before to 39.3 percent. The sub-index used to assess changes in income grew by 1.4 percent. The sub-index used to assess  large purchases dropped by 3.2% year-on-year to 50.2, and the sub-index assessing current economic conditions fell by  0.8 % to 26.5.

According to the report, future conditions index increased by 1.3%  to 57.4, mainly to rise in the sub-index used to assess anticipated large purchases in the next quarter.  This sub-index compared to the fourth quarter of last year grew by 6.7% to 57.4.

The sub-index used to  assess expectations about  changes in the level of income decreased by 2%, while the sub-index that assesses changes in family employment expectations declined by 1.7%.

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-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Euro jumps 2.54 points to AMD 447.76

The average market exchange rate of the US dollar to the Armenian dram on August 7, 2025, fell by 0.03 points compared to August 6 and amounted to AMD 383.65.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for July 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity. 

Armenia’s total public debt exceeds $13.8 billion

As of June 30, 2025, Armenia's total public debt amounted to $13,852,137 million, which is an increase of $116,520 million compared to May 31, 2025.

LATEST NEWS

spot_imgspot_imgspot_img