Indexes
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. Both the Present Situation Index and the Expectations Index moved upward in tandem, with a growth of 5.4 and 5 index points, respectively.
Consumers’ willingness to make major household purchases in the future relatively increased. This trend can be attributed to the recent strengthening of the Georgian GEL against the USD, which has increased the purchasing power of the local currency. Consolidation of the GEL is a significant driver behind the increased demand for goods, particularly as most household appliances are imported. While enough time may not have passed for the changes to reflect on the price of goods, the strengthened GEL is likely to have a tangible impact in the future.
Moreover, there has been an improvement in how people feel, currently and in the future, about depositing money in banks. Although the overall indicators are still negative, there has been a comparative rise that can be attributed to both decreasing inflation levels and the appreciation of the lari.
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February 2024 | Downward trend continues
31
March
2024
CCI declines further. After a small decline in the Consumer Confidence Index in January, the downward trend continued further in February – the CCI dropped from -15.5 in January to -17.7 in February (by 2.2 index points). On this occasion, the two sub-indices diverged in different directions
January 2024 | A setback in CCI
18
February
2024
A slight trend reversal in the CCI. After a rise in the Consumer Confidence Index (CCI) in December, January saw a small decline – from -14.1 in December to -15.5 in January, dropping by 1.4 index points. This fall is evident in both sub-indices – the Present Situation Index declined by 0.9 points and the Expectations Index by 2 points.
December 2023 | Jump in the CCI
21
January
2024
CCI sees improvement. The Consumer Confidence Index has experienced a significant positive shift, increasing by 6 index points – from -20.1 in November to -14.1 in December. Both the Present Situation Index and the Expectations Index contributed to this notable increase; however, the predominant factor was the rise in expectations (the Present Situation Index rose by 4.7 points and the Expectations Index by 7.4).
November 2023 | CCI declines
04
December
2023
The upward trend reversed. The Consumer Confidence Index lost its rising trend and fell by 3.7 index points, moving from -16.4 in October to -20.1 in November. Both the Present Situation Index and the Expectations Index contributed to this decline, with the Present Situation Index declining by 5 index points, while the Expectations Index decreased by 2.4 points.
October 2023 | A further increase in the CCI
16
November
2023
The upward trend continues. The Consumer Confidence Index experienced further growth of 3.1 index points – from -19.5 in September to -16.4 in October. This time, the Present Situation Index led the increase by shifting upwards 5.5 points, while the Expectations Index rose more moderately, by 0.5 points.
