ISET

In September 2016, ISET’s Consumer Confidence Index added 13 points, the single largest monthly increase in the Index since its launch more than 4 years ago. Having risen from -28.7 to -15.7 points, the CCI rebounded to levels we have last observed about two years ago, in fall 2014 (i.e. at the outset of the GEL devaluation drama). Both the Expectations and Present Situation components of the CCI soared (up by 11.1 and 14.9 points, respectively), breaking historical records for monthly increases.

In August 2016, the consumer confidence turned towards the negative compared to the previous month.

This decline was observed for almost all questions, except the questions related to the current personal financial position and the readiness to save. The question related to expected major purchases within the next 12 months experienced the biggest decrease.

In July 2016, the consumer confidence index (CCI) sustained its upward trend, now lasting for six consecutive months.

The monthly increase in the overall index was 2.8 points, but in absolute terms consumer confidence is deeply in the negative, currently standing at -24.2 points. This means that those people who answer the questions about their current situation and their expectations pessimistically outnumber those who give positive answers. -24.2 is much better than the CCI’s all-time low that occurred in September 2015, when it reached -40.4 points.

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