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

Armenia’s consumer confidence index hikes to 41.6 in Q2

YEREVAN, August 1. /ARKA/. Armenia’s consumer confidence index rose by 0.8 percentage points to 41.6 in the first quarter compared to Q1, the Central Bank of Armenia reported.

The index dropped by 1.4 percentage points, compared to the second quarter of 2013, according to the report.

Indicator of the current conditions hiked by 1.7 percentage points to 33.3 in Q2 due to increase of two components, i.e. major procurement indicator and financial status change indicator.

In particular, major procurement indicator rose by 0.7p.p. to 52.7 in the reporting quarter, the indicator of financial status changes increased by 5.7 p.p. to 32.7 and the one used for assessing households against the general economic status reduced by 1.2p.p. to 14.5.

Indicator of future conditions slid by 0.2 p.p. to 49.9 in the reporting quarter compared to Q1.

A reduction is recorded in households’ expectations of major purchases (decrease of 0.8 p.p. to 55) and financial condition change expectations (decrease of 1.8 p.p. to 42.5) for the next quarter.

At the same time, family employment expectations decreased by 0.6p.p. to 52.3.

Consumer confidence index is a composite index reflecting perceptions of participants for economic changes (both improvements and deterioration).

Since 2005 the Central Bank of Armenia has been conducting polls among non-financial and financial organizations and households to assess changes in the current economic conditions, evaluate expectations, calculate and release composite economic indexes. –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