Indexes
Business Confidence Index: the private sector anticipates a price increase
28
February
2017
The Georgian Business Confidence Index (BCI) continues to decline, albeit at a slower pace. The first-quarter decrease in the Index was mostly driven by a significant decline in past performance.
After three-quarters of continuous improvement, the Past Performance Index, which reflects businesses' self-assessment of their own economic performance in the previous quarter, posted a significant drop. Compared to others, the agriculture sector assessed its performance most negatively.
Business optimism about the overall economy has recovered slightly. In other words, a small majority of business respondents expect their economic performance to improve in the next quarter. The highest increase in expectations was recorded in the retail trade sector.
The Sales Price Expectation Index increased substantially. Businesses in the construction sector predict the highest price increases in the next quarter.
Large businesses demonstrate a more positive outlook compared to Small and Medium Enterprises.
Irrespective of their size, businesses name lack of demand and finances as the main factors that limit their activity.
Recent Publications
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Business Confidence Index: (No) business confidence
24
January
2025
For the first quarter of 2025, business confidence in Georgia decreased (by 8.8 index points) and reached -5.0. The highest decrease in business confidence is observed in the service (-21.5) sector. The negative change in BCI for Q1 2025 was driven by decreased past performance as well as pessimistic expectations.
Business Confidence Index: Pessimistic private sector
25
October
2024
For the fourth quarter of 2024, business confidence in Georgia decreased (by 9.7 index points) and reached 3.8. The highest decrease in business confidence is observed in the finance (-22.1) sector. The negative change in BCI for Q4 2024 was driven by decreased past performance as well as less optimistic expectations.
Business Confidence Index: Downturn in confidence continues
19
July
2024
For the third quarter of 2024, business confidence in Georgia decreased (by 2.8 index points) and reached 13.6. The highest decrease in business confidence is observed in the construction (-12.5) sector. The negative change in BCI for Q3 2024 was driven by less optimistic expectations.
Business Confidence Index: Downturn in confidence continues
30
April
2024
For the second quarter of 2024, business confidence in Georgia decreased slightly (by 1.3 index points) and reached 16.4. The highest decrease in business confidence is observed in the trade (-7.4) sector. The negative change in BCI for Q2 2024 was driven by decreased past performance as well as less optimistic expectations.
Business Confidence Index: Slight downturn in confidence
19
February
2024
For the first quarter of 2024, business confidence in Georgia decreased slightly (by 0.4 index points) and reached 17.7. The highest decrease in business confidence is observed in the trade (-15.1) sector. The negative change in BCI for Q1 2024 was driven by decreased past performance as well as less optimistic expectations.
