Indexes
Shaken by weak consumer demand – Q1 2015
15
January
2015
In the first quarter of 2015, the Business Confidence Index decreased slightly and registered 24.5 on a scale of 100 points. This is down from the 24.9 recorded in the fourth quarter of the previous year. The positive number indicates that the confidence factor among businesses is about 24.5 index points more positive than negative or neutral (e.g. a confidence index of 100 would have indicated that all firms in the sample reported a positive outlook. An index of zero would indicate that the weighted balance of positive and negative views reported by firms is about equal or, alternatively, that all firms reported no change in the current business situation. For more details, see the methodological notes). The reduction in the confidence index was driven by both expectations for the next 3 months and the current performance of the companies in almost all sectors, especially the retail sector.
Decrease in the retail sector business confidence is marginally the highest. The retail sector is the first link in the production chain and is the first to react to the changes in consumers’ confidence. The consumer confidence Index (CCI) reached a new minimum of -25.8 points in January 2015 and it has been continually declining since November 2015. In turn, CCI decreased because of the current depreciation of GEL, which contributed to higher indebtedness among the population.
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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.
