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Indexes

Business Confidence Index: Recovery (Continued)
01 November 2021

For the 4th quarter of 2021, business confidence in Georgia decreased slightly (by 5.8 index points) and reached 30.6. The highest decrease in business confidence is observed in construction (-21.0), service (-15.3), and agriculture (-8.8) sectors. A negative change in BCI for Q4 2021 was driven by worsened future expectations and past performance.

The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, decreased by 17.9 points compared to Q3 2021 and reached 28.7 for Q4 2021, with agriculture (-34.9), and service (-30.2) sectors showing the greatest deterioration.

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Expectations Index, which reflects business optimism, decreased after a sharp increase in Q3 2021, amounting to 32.3 index points. Expectations for Q4 2021 decreased for all sectors, except for retail trade and the financial sector.

The Sales Price Expectations Index increased drastically by 25.7 index points and reached 44.1, indicating an increase in the share of businesses that anticipate charging higher prices on their products. The Sales Price Expectations Index has increased for all sectors.

Limited access to financing and a lack of demand continues to be one of the key obstacles for both large companies and SMEs. In addition, lack of qualified labour is an important problem for large companies for Q4 2021.

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