Indexes
October 2022 | CCI: Descending confidence
22
November
2022
Worsened CCI. The Consumer Confidence Index fell from -24.1 in September to -28.3 in October (a 4.2 index point decline). Both the Expectations Index and the Present Situation Index moved downwards in tandem, declining by 3.3 and 5.1 points, respectively.
Relatively, the most notable fall is seen from consumer sentiment regarding making major household purchases (such as washing machines, computers, ovens, refrigerators, etc.), given the current circumstances (an 11-point decline). The indicator maintained a positive trend over the summer within the overall CCI, however, the trend reversed in October. Additionally, expectations about making such purchases in the upcoming year declined (9 points). One possible explanation might be the reduction in consumers’ current disposable income compared to the summer, when the income from trade and tourism was high. Two-digit inflation is also contributing to reduced disposable income, as food and housing have become particularly expensive. In October, according to the annual inflation rate, the price of food and non-alcoholic beverages increased by 15.8%, and for housing, water, electricity, gas, and other fuels by 13.5%. Furthermore, people’s ability to save fell by 7 points. This indicator depicted a significant downward trend, starting from July and reached its lowest mark since the hit of the pandemic, which can be explained by all the above-mentioned factors.
Sentiment worsened for both Tbilisians and residents from the rest of Georgia. For people living in the capital, the CCI fell by 4.1 and for the rest – by 4.5.
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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.
