ISET

Compared to November 2016, the CCI decreased sharply from -11.5 to -26.5 (by 15 points). This is the most dramatic loss of the CCI ever observed since in 2012 we started measuring consumer confidence in Georgia! It has nothing to do with a winter blues, as in the same period of last year (November to December 2015), the CCI went up from -40 to -30.4 (by 9.6 points). Compared to November 2016, the CCI decreased sharply from -11.5 to -26.5 (by 15 points). This is the most dramatic loss of the CCI ever observed since in 2012 we started measuring consumer confidence in Georgia! It has nothing to do with a winter blues, as in the same period of last year (November to December 2015), the CCI went up from -40 to -30.4 (by 9.6 points).

Compared to October 2016, the overall CCI turned towards the negative, going down by 0.7 points, from -10.8 to -11.5. The present situation index decreased by one point, from -14.3 to -15.3, and the expectation index went down by 0.6 points from -7.2 to -7.8. This may herald a reversal of the overall positive tendency we have observed since the beginning of the year, or it may be just another interruption of the positive trend (the first such interruption took place in August 2016).

Compared to September 2016, the overall CCI went up by 4.9 points, from -15.7 to -10.8. The present situation index increased by 6.9 points, from -21.2 to -14.3, and the expectation index went up by 3 points, from -10.2 to -7.2. It appears that a trend is continuing that has been ongoing since January (interrupted only by the interesting August swing-back, which we discussed in a blog article:). One may also see this as an extension of the upward trend that started even earlier, namely in September 2015.

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