After a long period of continuous declines and stagnation that began in November 2014, the Georgian Consumer Confidence Index has finally rebounded. In June 2015, the CCI reached -30.4 points, gaining 4.7 points relative to May 2015. This increase was driven by seasonal factors and a sense of greater macroeconomic and exchange rate stability.
For four consecutive months since February 2015, the Georgian Consumer Confidence Index remains stagnant some 22-25 points below its level in 2014. In May 2015, the CCI stood at -35.1 points, exactly equal to its value a month ago.
After five months of consecutive decline, the consumer confidence index has finally increased – albeit only slightly. Although the insignificant (0.9 point) increase of the CCI can be classified as a stabilization of the index at the low point of the previous month, looking at the structure from different dimensions still offers insights into changes in consumers’ concerns over the month.