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Indexes

Business Confidence Index
ISET Policy Institute, working in partnership with BIA (Business Information Agency) and International Chamber of Commerce in Georgia (ICC), started to implement the Business Confidence Survey from December 2013 and will publish the Business Confidence Index (BCI) on quarterly bases. Business confid
ence for Georgia is measured by seven sector-specific indices focusing on services, retail trade, agriculture, manufacturing industry, financial service, construction and other sectors. For each sector, confidence is measured through a simple survey instrument targeted at top business executives.
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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.

Business Confidence Index: will the decreasing trend continue?
28 February 2022

For the first quarter of 2022, business confidence in Georgia decreased (by 13.3 index points) and reached 17.3. The highest decrease in business confidence is observed in service (-25.8), manufacturing (-20.8), and wholesale and retail trade (-16.1) sectors.

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.

Business Confidence Index: full speed ahead to economic recovery
07 July 2021

For the third quarter of 2021, business confidence in Georgia improved significantly (by 34.7 index points) and reached 36.4. The increase in business confidence is observed in all sectors and is driven by optimistic future expectations and improved past performance in light of economic recovery and relaxed pandemic restrictions.

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.

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