Indexes
Business Confidence Index: financial and construction sectors out of spring vibes!
06
May
2019
BCI in the second quarter of 2019 has improved, reaching 27.0 index points, which is 4.4 index points higher than the previous quarter. The highest growth in BCI was observed in retail trade and manufacturing. In the case of retail trade, this advancement in BCI is mostly due to good past performance, while in manufacturing the driver is positive expectations.
The Past Performance Index, which reflects businesses' assessment of their own economic performance in the previous quarter, showed a downward trend, decreasing by 1.4 points in Q2 2019.
Business optimism increased significantly after a downward trend over the last three consecutive quarters and reached 45.5 index points. Other than manufacturing, retail trade and service have contributed the most to this improvement in business optimism. In construction and the financial sector, expectations have deteriorated significantly.
The Sales Price Expectation Index increased moderately. Businesses in retail trade, service, and agriculture predict higher prices in the next quarter while the other sectors are expecting the same prices as in the previous quarter.
Expectations and Past Performance improved for large businesses and worsened for SMEs.
The main factor that continues to limit business activities for large businesses is access to finance, while for small and medium businesses the limiting factor is lack of demand.
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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.
Business Confidence Index: Turning point?
31
July
2023
For the third quarter of 2023, business confidence in Georgia decreased (by 10.7 index points) and reached 15.7. The highest business confidence is observed in the financial (26.4) sector. The negative change in BCI for Q3 2023 was driven by worsened past performance as well as less optimistic expectations.
Business Confidence Index: New year, new expectations
23
January
2023
For the first quarter of 2023, business confidence in Georgia increased (by 8.4 index points) and reached 20.1. The highest business confidence is observed in the financial (35.6) sector.
Business Confidence Index: summer edition
28
July
2022
For the third quarter of 2022, business confidence in Georgia increased (by 2.6 index points) and reached 17.7. The highest increase in business confidence is observed in the construction (+13.8) sector. The positive change in BCI for Q3 2022 was driven by significantly improved past performance.
