Sat, 27 September
20.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Index of US consumer sentiment dips – AP

YEREVAN, February 1. /ARKA/. A measure of U.S. consumer sentiment slipped this month as stock markets fell, though confidence remained at a healthy level, the Associated Press reported.

The University of Michigan said its index of consumer sentiment dropped 1.3 points to 81.2. That was up from a preliminary reading of 80.4 two weeks ago. It also marked a solid gain from a year ago, when the index was at 73.8, the AP says.

Economists said the expiration of extended federal unemployment benefits for the long-term jobless may also have lowered confidence. Those extended benefits ran out for about 1.4 million people last month.
Still, consumers’ assessment of their financial health reached its highest level in six months. And the number of consumers who said their incomes had recently increased has reached a six-year high, an encouraging sign for future growth, according to the report. –0–

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

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

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

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img