Indexes
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. Both the Present Situation Index and Expectations Index contributed to this growth – the Present Situation Index grew by 7.2 index points, while the Expectations Index rose by a more moderate 2.5 points.
Consumers have also begun to evaluate the current period more positively for making major household purchases, potentially because of the recent strengthening of the Georgian lari against the USD. In March, consumers started to feel stronger about making major household purchases in the future, and by April this positive change was already evident.
Furthermore, there has been a positive change in consumer expectations towards future price levels. This could possibly be attributed to declining inflationary trends over the past few months in Georgia – where the rate of inflation declined from 5.3% in March to 2.7% in April (Geostat, 2023).
Additionally, consumers reported better financial standing in their personal situations in April compared to March. This may have been influenced by the recent reduction in inflation and by the strengthening of the local currency.
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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.
