After the sharp decline in Q2 2015, business confidence (BCI) in Georgia showed signs of rebounding in Q3. In line with expectations, April, May, and June were ex-post not particularly favorable months for Georgian businesses.
Out of the 211 companies surveyed, about half reported having trouble in business activities in April, May, and June (reflected in low sales, turnover, or production numbers). Accordingly, the main driver of the overall BCI rebound in Q3 was the strident increase in expectations. The business expectations index increased by 30 index points in one quarter – a sharp rebound that almost compensated for the loss of confidence in Q2 2015.