ARMENIAN CB PUBLISHED THE INDICES OF BUSINESS-ATMOSPHERE, ECONOMIC ACTIVITY AND CONSUMER CONFIDENCE

Mediamax News agency, Armenia
March 20 2007

Yerevan, March 20 /Mediamax/. The Armenian Central Bank published the
indices of the business-atmosphere, economic activity and consumer
confidence for the first quarter of 2007.

As Mediamax was in the CB press service, in the first quarter the
index of the business-atmosphere made 57,8, the index of the economic
activity – 71,2, and the index of consumer confidence – 54,0.

The indices are calculated by means of a survey, which is carried out
with the participation of 801 organizations in the sphere of industry,
construction and services, as well as among the 2961 households in
Yerevan and the regions of the republic.

If the index exceeds the point of 50, the activity is high, if
the index is below 50, the activity is considered to be low, 50 –
standing state.

The ratio balance of the responses with the corresponding indices of
the basis period allow getting the final indices, which in the first
quarter of 2007, as compared to the fourth quarter of 2006, make 120,9%
– the index of the business-atmosphere, 110,4% – economic activity,
107,4% – consumer confidence.

In the fourth quarter of 2006, the business-atmosphere index made 47,8,
the economic activity – 64,5, the consumer confidence index – 50,3.