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Elene Seturidze
Salome Gelashvili

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Consumer Confidence Index
The ISET Consumer Confidence Survey follows the standard EU methodology: we randomly sample 300-350 individuals on a monthly basis and question them about the past, current, and future financial situation of their families and the country as a whole. Consumer confidence is the degree of optimism tha
t consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about the stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy. In essence, if consumer confidence is higher, consumers are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save more than they spend, prompting the contraction of the economy. A month-to-month diminishing trend in consumer confidence suggests that in the current state of the economy most consumers have a negative outlook on their ability to find and retain good jobs.
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July-August 2019 | CCI: Sometimes present, sometimes future!
24 September 2019

A nationally representative sample of around 350 Georgians, interviewed (every month) in early July and August 2019, reveals that overall the Consumer Confidence Index (CCI) has deteriorated by 2.4 index points since the two previous months, from -15.6 in June to -16.8 in July and to -18 in August.
June 2019 | CCI: The present situation continues to improve, while expectations level off
08 July 2019

A nationally representative sample of 359 Georgians, interviewed in early June 2019, reveals that the Consumer Confidence Index (CCI) improved by nearly 1 index point, from -16.5 in May to -15.9 in June. A similar pattern was observed in the Present Situation Index, which increased by 1.8 index points (from -19.5 to -17.7). The Expectations Index however remained unchanged at -13.6.
May 2019 | CCI: It's all positive
13 June 2019

A nationally representative sample of 358 Georgians, interviewed in early May 2019, revealed that the Consumer Confidence Index (CCI) improved by 4.3 index points, from -20.8 in April to -16.5 in May. A similar pattern was observed in both sub-indices from May: the Present Situation Index rose by 3.8 points (from -23.3 to -19.5) and the Expectations Index by 4.8 points (from -18.4 to -13.6).
April 2019 | CCI: What happened to expectations of Georgian consumers?
06 May 2019

According to a nationally representative sample of 320 Georgians, interviewed in early April 2019, the Consumer Confidence Index (CCI) decreased by nearly two index points, from -18.9 in March to -20.8 in April. A similar pattern was observed in one of the sub-indices: the Expectations Index declined by 4.3 index points (from -14.1 to -18.4) compared to March, while the Present Situation Index experienced a slight improvement, by 0.3 index points (from -23.6 to -23.3).
March 2019 | CCI: Consumer confidence levels off
14 April 2019

According to a nationally representative sample of 339 Georgians interviewed in early March 2019, the Consumer Confidence Index (CCI) slightly improved by 0.3 index points, from -19.2 in February to -18.9 in March. A similar pattern was observed in both sub-indices: the Present Situation Index increased by 0.2 (from -23.8 to -23.6), and the Expectations Index by 0.4 index points (from -14.6 to -14.1) compared to February.
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