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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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.
