IN Q3 2009 BUSINESS CLIMATE INDEX IN ARMENIA GREW BY 13.9% WHILE ECONOMIC ACTIVITY INDEX FELL BY 9.3%

ArmInfo
2009-09-23 17:58:00

ArmInfo. In Q3 2009 economic activity index in Armenia fell by 9.3%
to 109% against 118.3% in Q2 2009, reports the press service of the
Central Bank of Armenia.

As compared with Q3 2008 the index grew by 23.1% to 94.9%.

Business climate index grew by 136.9% as compared with Q2 2009 to
125.9% and by 19.4% as compared with Q3 2008 to 95.9%.

Consumer confidence index grew by 7.2% to 103% and fell by 1% to
86.7%, respectively.

In Q3 2009 economic activity index was evaluated at 62 points against
56.9% in Q2 2009, 48.1 points in Q1 2009, 65.3% in Q3 2008, 69.2
points in Q3 2007 and 74.5 points in Q3 2006.

In Q3 2009 consumer confidence activity was evaluated at 44.7 points
against 43.4 points in Q2 2009, 45.3 points in Q1 2009, 51.6 points
in Q3 2008, 52.4 points in Q3 2007, 50.3 points in Q3 2006.

In Q3 2009 business climate index was evaluated at 47.3 points against
37.6 points in Q2 2009, 33.5 points in Q1 2009, 49.3 points in Q3 2008,
50.9 points in Q3 2007, 53.1 points in Q3 2006.

The quarterly dynamics points out that the respondents’ expectations
have improved, particularly, by 9.7 points for the business climate
index, 5.1 points for the economic activity index, and 1.3 points for
the consumer confidence index. As compared with the third quarter
of 2008, the expectations of the respondents worsened for all the
composite indices: by 6.9 points for the consumer confidence index,
by 3.3 points for the economic activity index, by 2 points for the
business climate index.

The CBA press-service reports that in the third quarter of 2009,
the CBA held a public opinion poll among 1841 households and 841
enterprises of the industrial sector, construction sphere and service
industries. In the third quarter of 2009 the number of the polled
hoseholds grew by 37, and the enterprises of the industrial sector,
construction sphere and service industries – by 22 as compared with
the second quarter of 2009.

To note, the given public opinion poll, which has been held since
2005 among the operating enterprises (in the spheres of industry,
construction, services, including retail trade) and home economics
aims to assess the current economic situation and expectations. The
methodology of calculating indices is based on the principles worked
out by the Conference Board (USA) and Germany’s IFO Institute.