Indexes
Business Confidence Index: momentous rebound of business optimism
27
July
2020
For the third quarter of 2020, BCI increased by 17.3 index points and reached -9.9 after a significant deterioration in the previous quarter. Business confidence improved across all sectors, except manufacturing and service. The largest increase is observed in the construction sector. The positive change in BCI, for Q3 2020, is driven by significantly optimistic future expectations.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, showed a downward trend, decreasing further by 14.4 points compared to Q2 2020, and reached a new historic low of -40.6 in Q3 2020. The retail trade sector has the greatest decline in past performance.
Expectations Index, which reflects business optimism, recovered from the drastic decline in Q2 2020 and showed a significant upturn, reaching 20.8 points. For Q3 2020 all sectors, except manufacturing have demonstrated increased expectations.
The Sales Price Expectations Index declined further and reached its lowest value, -8.3 points, indicating a higher share of businesses that expect lower prices. Service is the only sector where a higher share of businesses predicts increasing prices in the future.
For Q3 2020 access to finances and lack of demand became more important limiting factors for both types of firms, especially for large companies, which 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.
