YEREVAN, March 16, /ARKA/. Armenia’s economic activity index in the first quarter of 2010 increased by 38.4% from Q4, 2009, to 57.8%, the Central Bank of Armenia said in a press release. It said economic activity index grew by 20% year-on-year.

The Central Bank said also business environment index improved by 5.8% from Q4, 2009 to 46%, while consumer confidence index rose by 6.3% to 46%.

The figures are based on a series of surveys conducted by the Central Bank randomly among 863 companies dealing with industry, construction and services and 1821 households in Yerevan and all 10 provinces. The surveys were made by Internet, telephone, letters and fax to calculate the economic activity and business environment and consumer confidence indexes. -0-