Indexes
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In September 2015, the consumer confidence index experienced another drop of 2 points, crossing the -40 points margin to reach yet another historical minimum of -40.4 points. Responses to the question about making major purchases was the primary driver of this relatively modest decrease.
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After several months of incremental improvements, Consumer Confidence Index dropped 4.1 points in August 2015, to reach a new historical minimum of -38.4 points. Interestingly, this entire drop was driven by older respondents (aged over 35).
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After four consecutive months during which we have been observing some improvement in consumer confidence, in July 2015 the CCI dropped 4 points to -34.4 points. This setback is particularly disheartening given that in June the CCI increased by a solid 4.7 points (the present situation component of the CCI added 8.5 points – the largest increase since the CCI survey’s launch three years ago).
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After a long period of continuous declines and stagnation that began in November 2014, the Georgian Consumer Confidence Index has finally rebounded. In June 2015, the CCI reached -30.4 points, gaining 4.7 points relative to May 2015.
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For four consecutive months since February 2015, the Georgian Consumer Confidence Index remains stagnant some 22-25 points below its level in 2014. In May 2015, the CCI stood at -35.1 points, exactly equal to its value a month ago.