Indexes
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.
After a significant increase of 11.2 index points in Q3, the Past Performance Index, which reflects businesses' assessment of their own economic performance in the previous quarter increased (+17.2 points). Compared to other sectors, the Construction sector assessed their past performance most positively.
Business optimism about the overall economy dropped to below the Q3 2017 (-10.9, QoQ) level, but remained higher than Q4 2017 at 33.4 index points. The financial and Service sectors have contributed the most to the drop in business optimism.
The Sales Price Expectation Index increased notably. Businesses in the Agriculture sector predict the highest price jump in the next quarter while the highest price drop is predicted in the Manufacturing sector.
Compared to Large businesses, SMEs demonstrated a slightly lower decrease in expectations, and better past performance, leading to decreasing gap between Large businesses and SMEs in the overall Index.
Irrespective of their size, the main factors that continue to limit business activities are lack of demand and access to finance.
Recent Publications
View All
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.
