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Mariam Katsadze
Ana Burduli
Giorgi Papava

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Business Confidence Index
ISET Policy Institute, working in partnership with BIA (Business Information Agency) and International Chamber of Commerce in Georgia (ICC), started to implement the Business Confidence Survey from December 2013 and will publish the Business Confidence Index (BCI) on quarterly bases. Business confid
ence for Georgia is measured by seven sector-specific indices focusing on services, retail trade, agriculture, manufacturing industry, financial service, construction and other sectors. For each sector, confidence is measured through a simple survey instrument targeted at top business executives.
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Business Confidence Index: in optimism we trust!
19 February 2018

Thanks to a significant increase in the private sector expectations, BCI in the first quarter of 2018 has improved yet again (for the 2nd consecutive quarter), reaching 31.4 index points, which is a 3.2 index point gain over the previous quarter. Almost 60% of participating business executives expect their business will improve over the next three months.
Business Confidence Index: business confidence strengthens on robust sector performance
29 November 2017

The Georgian Business Confidence Index (BCI)* has increased slightly, reaching 28.0 index points, which is a 1.2 index points gain over the previous quarter. Against weakening expectations, the fourth quarter improvement in the BCI was mostly driven by a notable increase in the Past Performance Index.
Business Confidence Index: business optimism turns to realism
09 August 2017

The Georgian Business Confidence Index (BCI)* has decreased slightly, reaching 27.0 index points, which is a -2.0 index point loss over the previous quarter. The third-quarter drop in the BCI was mostly driven by the notable decline of the Expectations Index, which judging from the previous quarter's findings, may be explained by private sector realignment with reality rather than by worsened economic conditions.
Business Confidence Index: business expectation running ahead of reality
16 May 2017

The Georgian Business Confidence Index (BCI)* has improved quite substantially, reaching 29.0 index points, which is an 11.5 index points improvement over the last quarter. The second-quarter increase in the BCI was mostly driven by strong performance in the last quarter and quite a significant improvement in expectations.
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.
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