Arka News Agency, Armenia
Dec 16 2006
COMPOSITE INDEX OF ECONOMIC ACTIVITY 86.7% IN ARMENIA IN 4TH QUARTER
2006
YEREVAN, December 15. /ARKA/. The composite index of economic
activity made 86.7% in Armenia in the 4th quarter of 2006 – a 13.3%
fall compared to the 3rd quarter.
The CBA press service reports that in the 4th quarter of 2006 the
economic activity index was 64.5 on a 100-mark scale, 74.5 in the 3rd
quarter, 65.9 in the 2nd and 70.5 in the 1st. According to the CBA,
the economic activity index was 72.2 in the 2nd quarter of 2005, 71
in the 3rd quarter and 53.6 I the 4th quarter.
>From early 2005, the Central Bank of Armenia (CBA) started conducting
quarterly interviews of financial, nonfinancial organizations and
households. The goal of the interviews is to assess the changes in
and economic expectations of the organizations and households
involved, calculate and publish the composite economic indices.
About 800 organizations engaged in the industrial, construction and
service sectors and 2,621 households in Yerevan and in Armenia’s
regions were involved. The results serve as a basis for calculations
of the economic activity, business environment and consumer
confidence indices on a 100-mark scale. Over 50 marks mean high
activity, 50 unchanged situation and below 50 low activity. P.T. -0–