Indexes
May 2022 | CCI: Slight rebound
23
June
2022
Rise in CCI: Consumer confidence increased by 3.3 index points from -34.4 in April to -31.1 in May. Both the Present Situation Index and the Expectations Index contributed to the increase, with the Present Situation Index increasing by 4.4 index points and the Expectations Index by 2.2 points (Chart 1).
One of the components of CCI that saw volatility in April, people’s ability to save, got back on track and increased by 9 index points in May. Furthermore, people’s views on the change in their personal financial position improved by 8 index points and reached the highest peak observed since the hit of the pandemic. Additionally, expectations about making major household purchases increased by 8 points. Possible contributors to the increase might be highly increased money transfers to Georgia: remittances in May grew by 169.4% compared to the same month of last year (y-o-y). Also, the country’s exports saw exceptional growth in May, a 48% increase y-o-y that will generate more income for the country’s citizens.
CCI grew for both Tbilisians and residents of the rest of Georgia by 3.3 and 3.8 index points, respectively. However, the gap between the two still remains. Current price changes remain more detrimental for people from the regions. Also, their views about future price changes are more pessimistic, as for the expected employment levels.
BAR CHARTS: Consumer Responses by Questions |
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October 2024 | CCI deteriorating
10
November
2024
A notable fall in CCI. The decreasing trend has continued after the summer, with the CCI dropping even further in October – from -19.5 in September to -24.9 in October (a 5.4 index point decrease). Both sub-indices contributed to this decline, where the Present Situation Index fell by 6.7 index points and the Expectations Index by 4.2 points.
September 2024 | Decrease in CCI
20
October
2024
A slowed rebound. The CCI fluctuated over the summer, reaching its highest value for the period in August before a decline in September. After the Index had recovered in June, the CCI experienced a slight downturn in July, from -16.7 index points to -18.5, reaching -15.4 points in August and falling to -19.5 in September.
June 2024 | Quick recovery of CCI
29
July
2024
Certain factors negatively influencing consumer sentiment in May failed to have a lasting effect. In June, consumers’ ability to save showed significant improvements, with those able to save a proportion of their income increasing from 2% to 25%.
May 2024 | A notable drop in CCI
08
July
2024
A sharp decrease in CCI. The declining trend that started in April continued in May, with the Consumer Confidence Index dropping by 9.5 index points – from -17.8 in April to -27.3 points in May. The decline was present in both CCI sub-indices, however, it was more prominent in the Present Situation Index. Namely, the Expectations Index declined by 5.5 index points, while the Present Situation Index decreased by 13.4 points.
April 2024 | The CCI is falling
01
May
2024
Decline in the CCI. After the Consumer Confidence Index rose in March, the trend once again reversed in April – with the CCI declining by 4 index points, from -13.8 in March to -17.8 in April. Both the Present Situation and the Expectations Index each decreased, however, the decline was more prominent for people’s expectations; the Present Situation Index decreased by 1.6 points, while the Expectations Index fell by 6.4 points.
