Indexes
Business Confidence Index: looking forward
29
April
2021
For the second quarter of 2021, BCI decreased by 1.7 index points and reached 1.7 after a significant increase in the previous quarter. The highest decline in business confidence is observed in retail trade, followed by the agriculture and construction sectors. The negative change in BCI for Q2 2021 is driven by pessimistic future expectations.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, increased by 25.0 points compared to Q1 2021 and reached -4.1 in Q2 2021. The finance sector has the greatest improvement in past performance.
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Expectations Index, which reflects business optimism, decreased after the drastic increase in Q1 2021, amounting to 9.0 points. Expectations for Q2 2021 declined for retail trade, construction, and service sectors.
The Sales Price Expectations Index decreased by 12.4 and reached 17.2 points, indicating a decreased share of businesses that anticipate increasing prices on their products. Service and construction are the only sectors where a higher share of businesses predicts increasing prices in the future.
Limited access to financing and a lack of demand continues to be one of the most significant obstacles for both large companies and SMEs. Access to financing turns out to be a more important problem for SMEs compared to large companies.
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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.
