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.
BAR CHARTS: Consumer Responses by Questions |
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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.
March 2024 | Upheaval of the CCI
01
April
2024
Another rise in CCI. After the downward trends in January and February, the CCI increased by 3.9 index points, from -17.7 in February to -13.8 in March. Both the Expectations Index and the Current Situation Index moved upwards in tandem, increasing by 4 and 3.8 index points, respectively.
