After several months of incremental improvements, Consumer Confidence Index dropped 4.1 points in August 2015, to reach a new historical minimum of -38.4 points. Interestingly, this entire drop was driven by older respondents (aged over 35).

After four consecutive months during which we have been observing some improvement in consumer confidence, in July 2015 the CCI dropped 4 points to -34.4 points. This setback is particularly disheartening given that in June the CCI increased by a solid 4.7 points (the present situation component of the CCI added 8.5 points – the largest increase since the CCI survey’s launch three years ago).

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.

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