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Elene Seturidze
Salome Gelashvili

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Consumer Confidence Index
The ISET Consumer Confidence Survey follows the standard EU methodology: we randomly sample 300-350 individuals on a monthly basis and question them about the past, current, and future financial situation of their families and the country as a whole. Consumer confidence is the degree of optimism tha
t consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about the stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. In essence, if consumer confidence is higher, consumers are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save more than they spend, prompting the contraction of the economy. A month-to-month diminishing trend in consumer confidence suggests that in the current state of the economy most consumers have a negative outlook on their ability to find and retain good jobs.
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May 2023 | CCI: Consumer confidence stays at the same level
27 June 2023

No major shifts in overall May CCI. The Consumer Confidence Index (CCI) decreased marginally from -24 in April to -24.1 in May, largely maintaining the new level it had reached in April. The two sub-indices of the CCI each moved in opposite directions: the Present Situation Index declined by 1 index point, while the Expectations Index rose by 0.6 points.
April 2023 | CCI: Upward trend continues
15 May 2023

Consumer confidence on the rise. The CCI has increased by 4.8 index points, from -28.8 in March to -24 in April.
March 2023 | CCI: Comeback of consumer confidence
23 April 2023

Consumer Confidence Index (CCI) dynamics restored. The CCI rose from -34 in February to -28.8 in March, indicating an increase of 5.2 index points.
February 2023 | CCI: Consumer confidence declines
30 March 2023

Decline in the CCI. Consumer confidence decreased by 5.9 index points – from -28.1 in January to -34 in February.
January 2023 | CCI: No major change in consumer confidence over the holiday season
20 February 2023

Slight shifts in CCI. After a moderate CCI decline in November, the Index began to improve (from -28.6 in November to -27.7 in December) but then shifted back down to -28.1 by January.
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