Indexes
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.
On this occasion, the highest increase can be found in current sentiments towards making savings; 40% of respondents think now is a relevant time to make savings compared to 30% in February. Sentiment regarding the current and expected general situation in the country also improved relatively. If in February approximately 58% of respondents thought the economic situation in the country worsened during the past year, in March the respective share was 47%. As for the expectations, 26% of respondents in March believe that the situation will become slightly better within the upcoming year, compared to 20% in February.
Tbilisi vs. the regions. The increase was evident for Tbilisians, as well as for those in the rest of Georgia. For Tbilisians, the Index increased by 4 points, while for the population throughout the rest of the country the rise was 2.8 points.
BAR CHARTS: Consumer Responses by Questions |
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Note: Starting in July, the CCI underwent minor shifts in methodology. Specifically, the questionnaire was slightly modified, in terms of how questions were formulated when conducting a survey.
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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.
