Indexes
Business Confidence Index: back to despair
28
October
2020
For the fourth quarter of 2020, BCI decreased by 18.7 index points and reached -28.6 after a significant improvement in the previous quarter. Business confidence deteriorated across all sectors, except retail trade and financial. The largest decrease is observed in the construction sector. The negative change in BCI, for Q4 2020, is driven by significantly pessimistic future expectations.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, did not change much, increased slightly by 0.2 points compared to Q3 2020, and reached -40.4 in Q4 2020. The construction sector has the greatest decline in past performance.
Expectations Index, which reflects business optimism, deteriorated significantly after the recovery in Q3 2020, reaching new historic low, -41.7 points. For Q4 2020 all sectors, except retail trade have demonstrated decreased expectations.
The Sales Price Expectations Index increased and reached 2.7 points, indicating a higher share of businesses that anticipate increasing prices on their products. Service and agriculture are the only sectors where a higher share of businesses predict decreasing prices in the future.
For Q4 2020 access to finances and lack of demand became more important limiting factors for both types of firms, especially for large companies, which, together with an increased share of "other" factors, could reflect the post-Covid-19 situation that the business sector is currently facing.
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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.
Business Confidence Index: Back on track?
23
October
2023
For the fourth quarter of 2023, business confidence in Georgia increased (by 2.4 index points) and reached 18.1. The highest increase in business confidence is observed in the trade (+21.7) sector. The positive change in BCI for Q4 2023 was driven by improved past performance as well as more optimistic expectations.
