Indexes
Business Confidence Index: The downward trend continues!
26
April
2022
For the second quarter of 2022, business confidence in Georgia decreased (by 2.2 index points) and reached 15.1. The highest decrease in business confidence is observed in construction (-29.7), and wholesale and retail trade (-7.6) sectors. The negative change in BCI for Q2 2022 was driven by significantly worsened past performance.
The Past Performance Index, which considers the business sector's assessment of their own economic performance in the previous quarter, decreased by 22.6 points compared to Q1 2022 and reached -9.5 for Q2 2022, with construction (-87.1), and wholesale and retail trade (-45.4) sectors showing the greatest deterioration.
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Expectations Index, which reflects business optimism, increased, amounting to 30.6 index points. Expectations for Q2 2022 increased for all sectors, except for the construction and wholesale and retail trade sectors.
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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.
