Indexes
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.
After a significant increase of 17.2 index points in Q4, the Past Performance Index, which reflects businesses' assessment of their own economic performance in the previous quarter, decreased (-15.6 points). Compared to other sectors, the construction sector assessed their past performance most negatively, possibly due to seasonal slow-down.
Business optimism about the overall economy increased relative to both Q4 2017 (+15.5) and Q1 2017 (+17.9), reaching 48.9 index points. The construction and service sectors have contributed the most to this increase in business optimism.
The Sales Price Expectation Index decreased moderately, still standing higher compared to last year's expectations. Businesses in the retail trade sector predict the highest price decline in the next quarter, while the highest price increase is predicted in the service sector.
Compared to large businesses, SMEs demonstrated slightly lower optimism and weaker past performance. As a result, the BCI for SMEs went down by 4.5 index points.
Irrespective of their size, the main factors that continue to limit business activities are lack of demand and access to finance.
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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.
