The consumer confidence index fell to a quarter of the possible

In June, the official consumer confidence index fell to 25 points against 26.35 in the previous quarter. For comparison - in the Middle East and even in Africa, it is from 65 to 73% in Europe - 74% in the Asia-Pacific region - 73%, in Latin America - 56%.

According to the report of the Central Bank of the Republic of Azerbaijan monetary policy in the first half of this year, since last year it adheres to this method based on a survey of 4 250 households.

When measuring respondents balanced by region, income, employment, operating mode, education, age and sex. The index is part of a monitoring program for the real sector.

In Azerbaijan, it is impossible to calculate the index of consumer confidence due to the lack of a liberal economy, but the central bank wants to foreign partners thought otherwise. According to the expert economist Vugar Bayramov, consumer confidence decreased due to poor communication between the real sector of the economy and the consumer market. There is a dominance of imports and reduction of the total volume of local production, as well as their share in the consumer market.

In world practice, thanks to consumer confidence index is forecasted trends in employment and the general state of the economy. In countries with liberal economies is a leading indicator of the business cycle, in Azerbaijan the same - an attempt to show that "we are the same as you." --17D-